Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
336.3-207 MS 1990 [Repealed, 1992 c 565 s 114]
336.3-207 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 canceled is discharged, and the discharge is effective against
any subsequent holder.
History: 1992 c 565 s 28
336.3-207 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 canceled is discharged, and the discharge is effective against
any subsequent holder.
History: 1992 c 565 s 28
Official Publication of the State of Minnesota
Revisor of Statutes