Statutes » Oklahoma » Stat. tit. 12A, » Title 12A

Okla. Stat. tit. 12A, § 12A-3-207

This is the official text of Okla. Stat. tit. 12A, § 12A-3-207, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.

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Reacquisition

Official statutory text

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.

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.