Haw. Rev. Stat. § 490:3-306 : BUSINESS — UNIFORM COMMERCIAL CODE — UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS — ENFORCEMENT OF INSTRUMENTS —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.