Claims to an instrument

Wis. Stat. § 403.306
in effect
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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.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/403.306Fetched: 10/7/2026
Wis. Stat. § 403.306 — Claims to an instrument | Wisconsin Statutes (updated through 2025 Wis. Act 247) | Corpus