§ 3-306. Claims to an Instrument
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 3-306
§ 3-306. Claims to an Instrument
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.
Credits
Laws 1991, c. 117, § 57, eff. Jan. 1, 1992.
12A Okl. St. Ann. § 3-306, OK ST T. 12A § 3-306
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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