Nevada Statutes
§ 104.3207 — Reacquisition
Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104 Uniform· Negotiation, Transfer and Endorsement
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 cancelled is discharged, and the discharge is effective against any subsequent holder.
Free access — add to your briefcase to read the full text and ask questions with AI
Nevada § 104.3207 (Reacquisition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Select Portfolio Serv., Inc. Vs. Dunmire
(Nevada Supreme Court, 2020)
Legislative History
(Added to NRS by 1965, 824 ; A 1993, 1270 )
Nearby Sections
15
§ 104.1101
Short titles§ 104.1102
Scope of Article 1§ 104.1104
Construction against implied repeal§ 104.1105
Severability§ 104.1106
Use of singular and plural; gender§ 104.1201
General definitions§ 104.1202
Notice; knowledge§ 104.1204
Value§ 104.1205
Reasonable time; seasonableness§ 104.1206
Presumptions§ 104.1302
Variation by agreement