R.I. Gen. Laws § 6A-3-306
Current through 2024 Public Law 457
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.
R.I. Gen. Laws § 6A-3-306