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Georgia State Code
Title	`11`
Chapter	`3`
Section Navigation	`101` ... `110` `111` ... `201` `202` ... `304` `305` ... `402` `403` ... `412` `413` ... `502` `503` ... `605`
Section	<<< 305 306 307 308 309 310 311 312 401 402 >>>
Title 11, Chapter 3, Section 306 (11-3-306) 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.
Citing Cases: STEBBINS v. GEORGIA POWER COMPANY. (252 Ga. App. 261) (555 SE2d 906) (2001) CHOO CHOO TIRE SERVICE, INC. v. UNION PLANTERS NATIONAL BANK. (231 Ga. App. 346) (498 SE2d 799) (1998) WELDON et al. v. TRUST COMPANY BANK OF COLUMBUS, N.A. (231 Ga. App. 458) (499 SE2d 393) (1998) FERNANDEZ et al. v. BANK OF DAHLONEGA. (217 Ga. App. 739) (459 SE2d 424) (1995) DEMPSEY v. ETOWAH BANK. (204 Ga. App. 49) (418 SE2d 418) (1992) Defined terms referenced in this section: claim holder in due course instrument negotiation person proceeds property taking

Saturday May 23 11:52 EDT

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