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13 Pa.C.S. § 3306

Claims to an instrument

Pennsylvania · Pennsylvania Consolidated Statutes Title 13 — COMMERCIAL CODE · Status: effective

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13 Pa.C.S. § 3306, Claims to an instrument, Pennsylvania, version 1 as recorded 2026-09-27, yourstate.us, https://yourstate.us/provision/1379784
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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.