Find Bill
Find Your Legislator
Legislative Deadlines
Feb. 5, 2018
RSS Feed Permanent URL -A +A

2017 Statute



Prev Article 3. - NEGOTIABLE INSTRUMENTSNext


84-3-207.Reacquisition. Reacquisition of an instrument occurs if it is transferred to a former holder, by negotiation or otherwise. A former holder who reacquires the instrument may cancel endorsements made after the reacquirer first became a holder of the instrument. If the cancellation causes the instrument to be payable to the reacquirer or to bearer, the reacquirer may negotiate the instrument. An endorser whose endorsement is canceled is discharged, and the discharge is effective against any subsequent holder.

History: L. 1991, ch. 296, § 26; Feb. 1, 1992.



Prev Article 3. - NEGOTIABLE INSTRUMENTSNext
2018. Powered by KLISS. Rendered: 2018-02-05T05:11:13. Head Rev No: 395850