Maryland Code § CL-3-306

Section CL-3-306
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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.

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