North Dakota Statutes

§ 41-03-32 — (3-306) Claims to an instrument

North Dakota § 41-03-32
JurisdictionNorth Dakota
Title 41Uniform Commercial Code
Ch. 41-03Negotiable Instruments

This text of North Dakota § 41-03-32 ((3-306) Claims to an instrument) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.D. Cent. Code § 41-03-32 (2026).

Text

A person taking an instrument, other than a person having rights of a holder in due course, is subject to a claim of a property or possessory right in the instrument or its proceeds, including a claim to rescind a negotiation and to recover the instrument or its proceeds. A person having rights of a holder in due course takes free of the claim to the instrument.

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Bluebook (online)
North Dakota § 41-03-32, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/41-03-32.