State Codes and Statutes
Statutes > South-dakota > Title-57a > Chapter-03 > Statute-57a-3-30657A-3-306. Claims to an instrument. 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.
Source: SL 1994, ch 367, § 3-306.
