{"data":{"id":"us-ky/krs-355.3-207","jurisdiction":"us-ky","citation":"KRS 355.3-207","heading":"Reacquisition.","body":"Reacquisition of an instrument occurs if it is transferred to a former holder, by negotiation\nor otherwise. A former holder who reacquires the instrument may cancel indorsements\nmade after the reacquirer first became a holder of the instrument. If the canc ellation\ncauses the instrument to be payable to the reacquirer or to bearer, the reacquirer may\nnegotiate the instrument. An indorser whose indorsement is canceled is discharged, and\nthe discharge is effective against any subsequent holder.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33457","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:44Z","sha256":"e0550ef171408dfbfcdd041428c430554ea778d18a5d0c3d2e3c0055906bdef7","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.3-206","next":"us-ky/krs-355.3-208"},"notice":"GroundRules: Original legal text. Not legal advice."}