New Jersey Statutes
§ 12A:3-207 — Reacquisition
New Jersey § 12A:3-207
JurisdictionNew Jersey
Title 12ACOMMERCIAL TRANSACTIONS
This text of New Jersey § 12A:3-207 (Reacquisition) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 12A:3-207 (2026).
Text
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. L.1995,c.28,s.1.
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Nearby Sections
15
§ 12A:3-101
Short title§ 12A:3-102
Subject matter§ 12A:3-103
Definitions§ 12A:3-104
Negotiable instrument§ 12A:3-105
Issue of instrument§ 12A:3-106
Unconditional promise or order§ 12A:3-107
Instrument payable in foreign money§ 12A:3-108
Payable on demand or at definite time§ 12A:3-109
Payable to bearer or to order§ 12A:3-111
Place of payment.§ 12A:3-113
Date of instrument§ 12A:3-114
Contradictory terms of instrument§ 12A:3-115
Incomplete instrument§ 12A:3-116
Joint and several liability; contributionCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 12A:3-207, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/12A%3A3-207.