Md. Code, Commercial Law § 3-306

Md. Code, Commercial Law § 3-306
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl&section=3-306&enactments=falseFetched: 10/16/2026

Starting a business in Maryland? Maryland LLC guide: costs and requirements