§ 3.306

§§ 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.5A Del. C. 1953, §§ 3-306; 55 Del. Laws, c. 349; 70 Del. Laws, c. 86, § 3;