Business & Commerce Code § 3.207
If an instrument is transferred back to a former holder, that is reacquisition. The former holder may cancel later indorsements, and may then negotiate the instrument if the cancellation makes it payable to that holder or to bearer.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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endorsements negotiable instruments reacquisition
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Business & Commerce Code § 3.207
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