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.
Fla. Stat. § 673.3061
Claims to an instrument
Known as the Uniform Commercial Code
The act spans §§ 673–673 (69 sections).
History.--s. 2, ch. 92-82.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.