Colorado § 4-3-207 - Reacquisition.
Full text of Colorado Colorado Revised Statutes § 4-3-207 — Reacquisition., with citation guidance and answers to common questions.
§ 4-3-207. 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.
Source: L. 94: Entire article R&RE, p. 853, § 1, effective January 1, 1995.
Editor's note: This section is similar to former § 4-3-208 as it existed prior to 1994.
Cross references: For the effect of discharge against a holder in due course, see § 4-3-601; for payment or satisfaction, see § 4-3-602; for cancellation and renunciation, see § 4-3-604.
ANNOTATION
Holder of a note indorsed in blank may strike out all indorsements subsequent to that of the payee and hold directly from him. Marks v. Munson, 59 Colo. 440, 149 P. 440 (1915) (decided under repealed laws antecedent to CSA, C. 112, § 48, negotiable instruments law).
PART 3
ENFORCEMENT OF INSTRUMENTS
Frequently Asked Questions About Colorado § 4-3-207
What does Colorado Revised Statutes § 4-3-207 cover?
Section 4-3-207 ("Reacquisition.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 4-3-207?
A common citation format is "Colorado Revised Statutes § 4-3-207" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 4-3-207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.