Minn. Stat. § 336.3-306
Current through Register Vol. 49, No. 8, August 19, 2024
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.
Minn. Stat. § 336.3-306
1992 c 565 s 34