The 2023 Florida Statutes (including Special Session C)

Title XXXIX
COMMERCIAL RELATIONS

Chapter 673
UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS

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F.S. 673.2071

673.2071 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.

History.—s. 2, ch. 92-82.

F.S. 673.2071 on Google Scholar

F.S. 673.2071 on Casetext

Amendments to 673.2071

Arrestable Offenses / Crimes under Fla. Stat. 673.2071

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 673.2071.

Annotations, Discussions, Cases:

Cases from cite.case.law:

WELLS FARGO BANK, N. A. v. F. SHEIKHA,, 221 So. 3d 657 (Fla. Dist. Ct. App. 2017)

. . . .” § 673.2071, Florida Statutes (2014). . . . This is the procedure authorized by section 673.2071: ' Reacquisition. . . . As the Uniform Commercial Code Comment explains, the section 673.2071 procedure is an exception to the . . . Uniform Commercial Code Comment to Section 673.2071 (italics supplied). . . . The effect of cancellation of any,, indorsement under Section [673.2071] is to nullify it.” . . .