Vt. Stat. tit. 9A § 3-306
Current through L. 2024, c. 185.
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.
9A V.S.A. § 3-306