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2011 Oregon Revised Statutes
ORS Volume 2, Chapters 56 - 89
ORS Chapter 73
73.0207 Reacquisition.


OR Rev Stat § 73.0207 (through Leg Sess 2011) What's This?

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. [1993 c.545 29]

ENFORCEMENT OF INSTRUMENTS

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