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2017 Missouri Revised Statutes
Title XXVI TRADE AND COMMERCE
Chapter 400 Uniform Commercial Code
Section 400.3-207 Reacquisition.
Universal Citation: MO Rev Stat § 400.3-207 (2017)
Effective 28 Aug 1992
Title XXVI TRADE AND COMMERCE
Chapter 400*400.3-207. 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 cancelled is discharged, and the discharge is effective against any subsequent holder.
(L. 1992 S.B. 448)
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