Nevada Revised Statutes

Nev. Rev. Stat. § 104.3207 (2026)

Reacquisition

✓ current as of July 2026

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NRS 104.3207 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.

(Added to NRS by 1965, 824; A 1993, 1270)

Part 3

Enforcement of Instruments

Notes of Decisions

Cited in 1 case, 2020–2020 · leading case: Select Portfolio Serv., Inc. Vs. Dunmire (Nev. 2020).

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Select Portfolio Serv., Inc. Vs. Dunmire (Nev. 2020). “3204 and NRS 104.3207, the language of the FHLBC release (unlike the endorsements on the allonges) contains no language clearly indicating a transfer or negotiation of the Note, or other language that plainly places that release within the purview of those statutes.”

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