Tennessee Code Annotated
Tenn. Code Ann. § 47-3-207 (2026)
Reacquisition
✓ current as of May 2026
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.
Acts 1995, ch. 397, § 2.
Notes of Decisions
Cited in 1
case, 1973–1973 · leading case: McConnico v. Third Nat'l Bank in Nashville, 499 S.W.2d 874 (Tenn. 1973).
McConnico v. Third Nat'l Bank in Nashville, 499 S.W.2d 874 (Tenn. 1973). “T.C.A. § 47-3-207(2). The third category was a single check for $10,135.”
— Tenn. Code Ann. § 47-3-207(2) — 1 case
McConnico v. Third Nat'l Bank in Nashville, 499 S.W.2d 874 (Tenn. 1973). “T.C.A. § 47-3-207(2). The third category was a single check for $10,135.”
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