Tennessee Statutes
§ 47-3-306 — Claims to an instrument
Tennessee § 47-3-306
JurisdictionTennessee
Title47
This text of Tennessee § 47-3-306 (Claims to an instrument) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 47-3-306 (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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Related
Federal Deposit Ins. Corp. v. Webb
464 F. Supp. 520 (E.D. Tennessee, 1978)
Starnes Family Office, LLC v. McCullar
765 F. Supp. 2d 1036 (W.D. Tennessee, 2011)
Martin v. Defendefer (In re Butcher)
79 B.R. 741 (E.D. Tennessee, 1987)
Federal Deposit Insurance v. Newton
737 S.W.2d 278 (Court of Appeals of Tennessee, 1987)
United American Financial Corp. v. Financial Interstate Service Corp. (In re United American Financial Corp.)
36 B.R. 331 (E.D. Tennessee, 1984)
State Resources Corporation v. Thomas E. Talley
(Court of Appeals of Tennessee, 2004)
Legislative History
Acts 1995, ch. 397, § 2.
Nearby Sections
15
§ 47-1-101
Short title§ 47-1-102
Scope of chapter§ 47-1-104
Construction against implied repeal§ 47-1-105
Severability§ 47-1-106
Use of singular and plural - Gender§ 47-1-201
General definitions§ 47-1-202
Notice - Knowledge§ 47-1-204
Value§ 47-1-205
Reasonable time - Seasonableness§ 47-1-206
Presumptions§ 47-1-302
Variation by agreementCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 47-3-306, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/47-3-306.