State Codes and Statutes
Statutes > Wisconsin > 403 > 403.306403.306
403.306 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.403.306 - ANNOT.
History: 1995 a. 449.