2010 Georgia Code 11-3-207 Case Law
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Graham W. Syfert, Esq.

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One Click Case Law for § 11-3-207
O.C.G.A. § 11-3-206 <-- --> O.C.G.A. §11-3-301



2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 3 - NEGOTIABLE INSTRUMENTS
PART 2 - NEGOTIATION, TRANSFER, AND INDORSEMENT
§ 11-3-207 - Reacquisition

O.C.G.A. 11-3-207 (2010)
11-3-207. 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 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.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com