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MISSOURI STATUTES AND CODES
400.3-306. Claims to an instrument.
Claims to an instrument.
400.3-306. A person taking an instrument, other than aperson having rights of a holder in due course, is subject to aclaim of a property or possessory right in the instrument or itsproceeds, including a claim to rescind a negotiation and torecover the instrument or its proceeds. A person having rightsof a holder in due course takes free of the claim to theinstrument.
(L. 1963 p. 503 ยง 3-306, A.L. 1992 S.B. 448)
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