Tennessee § 47-3-306 - Claims to an instrument.
Full text of Tennessee Tennessee Code Annotated § 47-3-306 — Claims to an instrument., with citation guidance and answers to common questions.
§ 47-3-306. 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. Acts 1995, ch. 397, § 2. Prior Tennessee Law: §§ 47-116, 47-128, 47-158, 47-159. Textbooks. Tennessee Jurisprudence, 6 Tenn. Juris., Commercial Law, § 66. Law Reviews. Waiver of Defense Clauses in Retail Installment Contracts Are Contrary to Tennessee Public Policy (Robert R. Dormer), 5 Mem. St. U.L. Rev. 265. Cited: State Res. Corp. v. Talley, — S.W.3d —, 2004 Tenn. App. LEXIS 360 (Tenn. Ct. App. June 9, 2004).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-3-306
What does Tennessee Code Annotated § 47-3-306 cover?
Section 47-3-306 ("Claims to an instrument.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 47-3-306?
A common citation format is "Tennessee Code Annotated § 47-3-306" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-3-306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.