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.
N.H. Rev. Stat. Ann. § 382-A:3-306
Claims to an Instrument
Known as the Uniform Commercial Code
The act spans §§ 382-A:1-101 to 382-A:9-809 (637 sections).
Source. 1993, 346:1, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.