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.Laws 1961, p. 109, § 3-306; Laws 1991, c. 117, § 57, eff. Jan. 1, 1992.
Oklahoma Legal Code