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2012 Kansas Statutes
Chapter 84 UNIFORM COMMERCIAL CODE
Article 3 NEGOTIABLE INSTRUMENTS
Section 84-3-207 Reacquisition.
Universal Citation:
KS Stat § 84-3-207 (2012)
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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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