Nev. Rev. Stat. § 104.3207
Reacquisition
Nevada · Nevada Revised Statutes Chapter 104 — Uniform Commercial Code—Original Articles · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 104.3207, Reacquisition, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2079392
- Permanent ID
ys:prov:2079392@1- SHA-256
754838bc44c7bc61048cfba5e4249bbe20fdcbdf51b05b1518f47403f3a13c57
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
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.