Claims to an instrument

Va. Code Ann. § 8.3A-306
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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. 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/8.3A-306/Fetched: 10/17/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements