N.D. Cent. Code § 41-03-32
Current through the 2023 Legislative Sessions
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.
N.D.C.C. § 41-03-32