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 the instrument [free of claim]. History —Aug. 17, 1995, No. 208, § 2-306; Aug. 31, 1996, No. 176, § 2.
Puerto Rico Legal Code