North Dakota Statutes
§ 41-03-32 — (3-306) Claims to an instrument
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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Nearby Sections
15
§ 41-01-01
(1-101) Short titles§ 41-01-02
(1-102) Scope of chapter§ 41-01-05
(1-105) Severability§ 41-01-07
(1-107) Section captions§ 41-01-09
(1-201) General definitions§ 41-01-10
(1-202) Notice - Knowledge§ 41-01-12
(1-204) Value§ 41-01-13
(1-205) Reasonable time - Seasonableness§ 41-01-14
(1-206) Presumptions