New Jersey § 12a:3-207
Full text of New Jersey New Jersey Statutes § 12a:3-207, with citation guidance and answers to common questions.
§ 12a:3-207.
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.
Frequently Asked Questions About New Jersey § 12a:3-207
What does New Jersey Statutes § 12a:3-207 cover?
Section 12a:3-207 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:3-207?
A common citation format is "New Jersey Statutes § 12a:3-207" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:3-207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.