Florida Statute 673.2071 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 673
UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS

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F.S. 673.2071

673.2071 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 indorsements 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 indorser whose indorsement is canceled is discharged, and the discharge is effective against any subsequent holder.

History.—s. 2, ch. 92-82.

F.S. 673.2071 on Google Scholar

F.S. 673.2071 on Casetext

Amendments to 673.2071

Arrestable Offenses / Crimes under Fla. Stat. 673.2071

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 673.2071.

Annotations, Discussions, Cases:

Cases Citing Statute 673.2071

Total Results: 1

Wells Fargo Bank, N.A. v. Sheikha

Court: Fla. Dist. Ct. App. | Date Filed: 2017-06-14T00:00:00-07:00

Citation: 221 So. 3d 657, 2017 WL 2569781, 2017 Fla. App. LEXIS 8667

Snippet: Comment to Section 673.2071 (italics supplied). The Comment explains that section 673.2071 implements “a rule…from Fannie Mae, “by negotiation or otherwise.” § 673.2071, Florida Statutes (2014). As a former holder of…note. This is the procedure authorized by section 673.2071: ' Reacquisition.—Reacquisition of an instrument… Commercial Code Comment explains, the section 673.2071 procedure is an exception to the rule in section…cancellation of any,, indorsement under Section [673.2071] is to nullify it.” A second potential scenario