☰ Revisor of Missouri

Title XXVI TRADE AND COMMERCE

Chapter 400

Effective - 28 Aug 1992, 2 histories bottom

  *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.

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(L. 1992 S.B. 448)


---- end of effective   28 Aug 1992 ----

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