Kansas Statutes
§ 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.
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Kansas § 84-3-207 (Reacquisition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 1991, ch. 296, § 26; February 1, 1992.
Nearby Sections
15
§ 84-1-101
Short titles§ 84-1-102
Scope of article§ 84-1-104
Construction against implied repeal§ 84-1-105
Severability§ 84-1-106
Use of singular and plural; gender§ 84-1-107
Section captions§ 84-1-201
General definitions§ 84-1-202
Notice; knowledge§ 84-1-204
Value§ 84-1-205
Reasonable time; seasonableness§ 84-1-206
Presumptions