Me. Stat. tit. 11 § 3-1306
Current through 131st (2023-2024) Legislature Chapter 684
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. [1993, c. 293, Pt. A, §2(NEW).]
11 M.R.S. § 3-1306