{"data":{"id":"us-wi/wis.-stat.-403.207","jurisdiction":"us-wi","citation":"Wis. Stat. § 403.207","heading":"Reacquisition.","body":"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 canceled is discharged, and the discharge is effective against any subsequent holder.","path":["Chs. 401-411, Uniform Commercial Code","Chapter 403 Uniform Commercial Code — Negotiable Instruments","SUBCHAPTER II NEGOTIATION, TRANSFER AND ENDORSEMENT"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/403.207","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:21Z","sha256":"2f2606db4efc9dd633db46ad0ced66c3cff6514ffbb2ab678e439b73eb2b43de","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-403.206","next":"us-wi/wis.-stat.-403.301"},"notice":"GroundRules: Original legal text. Not legal advice."}