Virginia Statutes
§ 8.3A-306 — Claims to an instrument
Virginia § 8.3A-306
JurisdictionVirginia
Title 8.3ACOMMERCIAL CODE — NEGOTIABLE INSTRUMENTS
Part 3ENFORCEMENT OF INSTRUMENTS
This text of Virginia § 8.3A-306 (Claims to an instrument) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 8.3A-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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Legislative History
Code 1950, §§ 6-367, 6-368, 6-380, 6-409 through 6-411; 1964, c. 219, §§ 8.3-305, 8.3-306; 1992, c. 693.
Nearby Sections
15
§ 8.3A-101
Short title§ 8.3A-102
Subject matter§ 8.3A-103
Definitions§ 8.3A-104
Negotiable instrument§ 8.3A-105
Issue of instrument§ 8.3A-106
Unconditional promise or order§ 8.3A-107
Instrument payable in foreign money§ 8.3A-108
Payable on demand or at definite time§ 8.3A-109
Payable to bearer or to order§ 8.3A-111
Place of payment§ 8.3A-112
Interest§ 8.3A-113
Date of instrument§ 8.3A-114
Contradictory terms of instrument§ 8.3A-115
Incomplete instrumentCite This Page — Counsel Stack
Bluebook (online)
Virginia § 8.3A-306, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/8.3A/8.3A-306.