State Codes and Statutes
Statutes > Tennessee > Title-47 > Chapter-3 > Part-3 > 47-3-30647-3-306. 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.
[Acts 1995, ch. 397, § 2.]
