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Claims to an instrument

9A V.S.A. § 3—306
in effect
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3—306. 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. Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/09A/003/00306Fetched: 10/21/2026

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