---
title: O.C.G.A. § 11-3-207. Reacquisition.
collection: code
id: 11-3-207
cite_as: O.C.G.A. § 11-3-207 (2025)
canonical_url: https://georgiacommons.org/code/11-3-207
md_url: https://georgiacommons.org/code/11-3-207.md
text_url: https://georgiacommons.org/code/11-3-207/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-2022-pdf.pdf?sfvrsn=b5451bbd_0#page=377
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/11-3.md
previous: https://georgiacommons.org/code/11-3-206.md
next: https://georgiacommons.org/code/11-3-301.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / NEGOTIABLE INSTRUMENTS / NEGOTIATION, TRANSFER, AND INDORSEMENT
---

# O.C.G.A. § 11-3-207. 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 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.

## History

Code 1981, § 11-3-207, enacted by Ga. L. 1996, p. 1306, § 3.