Colorado Statutes
§ 4-3-207 — 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 indorsements 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 indorser whose indorsement is canceled is discharged, and the discharge is
effective against any subsequent holder.
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Legislative History
Source: L. 94: Entire article R&RE, p. 853, � 1, effective January 1, 1995.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faith