yourstate.us
Home / Texas / Business & Commerce Code
Tex. Business & Commerce Code § 3.306

CLAIMS TO AN INSTRUMENT

Texas · Texas Business & Commerce Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Business & Commerce Code § 3.306, CLAIMS TO AN INSTRUMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/629964
Permanent ID
ys:prov:629964@1
SHA-256
cf4bf42bb5f736dd27e9b48826382f463390d6fbd0ef02d5742c698a1e54f2fd

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

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.