Conn. Gen. Stat. § 42a-3-207
Current with legislation from the 2024 Regular and Special Sessions.
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.
Conn. Gen. Stat. § 42a-3-207
(1959, P.A. 133, S. 3-207; P.A. 91-304, S. 26.)
Cited. 208 Conn. 248.
See Sec. 42a-3-202 for successor provisions to Sec. 42a-3-207, revised to 1991, re negotiation subject to rescission.