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.
NRS 104.3306
Claims to an instrument
Known as the Uniform Commercial Code
The act spans §§ 104–104 (489 sections).
Applied in 3 court decisions — leading case Unruh v. Nevada National Bank (1972)
Most recently applied in Mahaffey v. Investor's National Security Co. (December 1987)
(Added to NRS by 1965, 826; A 1993, 1276)
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.