There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 3 Negotiable Instruments
355.3.207 Reacquisition.
Download pdfor 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. Effective: January 1, 1997
History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 26, effective January 1, 1997. -- Created 1958 Ky. Acts ch. 77, sec. 3-207, effective July 1, 1960.
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