Ariz. Rev. Stat. » Title 47
Arizona Revised Statutes

Ariz. Rev. Stat. § 47-3202 (2026)

Negotiation subject to rescission

✓ current as of May 2026
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A. Negotiation is effective even if obtained:

1. From an infant, a corporation exceeding its powers or a person without capacity;

2. By fraud, duress or mistake; or

3. In breach of duty or as part of an illegal transaction.

B. To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.

Notes of Decisions
Cited in 2 cases, 1986–2013 · leading case: Koss Corp. v. Am. Express Co., 309 P.3d 898 (Ariz. Ct. App. 2013).
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Koss Corp. v. Am. Express Co., 309 P.3d 898 (Ariz. Ct. App. 2013). · cites it 4× “”); A.R.S. § 47-3202(A) (2005). Thus, even if the intent behind A.”
Valley Bank of Nevada v. JER Mgmt. Corp., 719 P.2d 301 (Ariz. Ct. App. 1986). · cites it 2× “” A.R.S. § 47-3202(B). The question thus becomes whether the indorsements stamped on the backs of the checks in question were written “by or on behalf of” payee SNP, the prior holder—in other words, whether SNP authorized the two indorsements.”
— Ariz. Rev. Stat. § 47-3202(A) — 1 case
Koss Corp. v. Am. Express Co., 309 P.3d 898 (Ariz. Ct. App. 2013). “”); A.R.S. § 47-3202(A) (2005). Thus, even if the intent behind A.”
— Ariz. Rev. Stat. § 47-3202(B) — 2 cases
Koss Corp. v. Am. Express Co., 309 P.3d 898 (Ariz. Ct. App. 2013). “”); A.R.S. § 47-3202(A) (2005). Thus, even if the intent behind A.”
Valley Bank of Nevada v. JER Mgmt. Corp., 719 P.2d 301 (Ariz. Ct. App. 1986). “” A.R.S. § 47-3202(B). The question thus becomes whether the indorsements stamped on the backs of the checks in question were written “by or on behalf of” payee SNP, the prior holder—in other words, whether SNP authorized the two indorsements.”
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