Ohio § 1303.27
Full text of Ohio Ohio Revised Code § 1303.27, with citation guidance and answers to common questions.
§ 1303.27.
“Reacquisition of an instrument” occurs if it is transferred by negotiation or otherwise
to a former holder. A former holder who reacquires the instrument may cancel any 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 Ohio § 1303.27
What does Ohio Revised Code § 1303.27 cover?
Section 1303.27 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 1303.27?
A common citation format is "Ohio Revised Code § 1303.27" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1303.27 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.