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Statutes » New York » UCC Law » Article 3

N.Y. UCC Law § 3-208

This is the official text of N.Y. UCC Law § 3-208, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.

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Reacquisition

Official statutory text

Section 3--208. Reacquisition.\n Where an instrument is returned to or reacquired by a prior party he\nmay cancel any indorsement which is not necessary to his title and\nreissue or further negotiate the instrument, but any intervening party\nis discharged as against the reacquiring party and subsequent holders\nnot in due course and if his indorsement has been cancelled is\ndischarged as against subsequent holders in due course as well.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.