Tennessee § 47-3-207 - Reacquisition.
Full text of Tennessee Tennessee Code Annotated § 47-3-207 — Reacquisition., with citation guidance and answers to common questions.
§ 47-3-207. 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 endorsements 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 endorser whose endorsement is cancelled is discharged, and the discharge is effective against any subsequent holder. Acts 1995, ch. 397, § 2. Prior Tennessee Law: §§ 47-148, 47-150, 47-252, 47-3-208. Textbooks. Tennessee Jurisprudence, 6 Tenn. Juris., Commercial Law, § 60.
Frequently Asked Questions About Tennessee § 47-3-207
What does Tennessee Code Annotated § 47-3-207 cover?
Section 47-3-207 ("Reacquisition.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 47-3-207?
A common citation format is "Tennessee Code Annotated § 47-3-207" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-3-207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.