{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.3A-202.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.3A-202.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.3A-202.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.3A-202.html"}],"law_id":82062,"edition_id":1,"section_id":82062,"structure_id":13720,"section_number":"8.3A-202","catch_line":"Negotiation subject to rescission","history":"Code 1950, \u00a7 6-374; 1964, c. 219, \u00a7 8.3-207; 1992, c. 693.","full_text":"a\n\nNegotiation is effective even if obtained (i) from an infant, a corporation exceeding its powers, or a person without capacity, (ii) by fraud, duress, or mistake, or (iii) in breach of duty or as part of an illegal transaction.b\n\nTo the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.","order_by":null,"text":{"0":{"id":294087,"text":"Negotiation is effective even if obtained (i) from an infant, a corporation exceeding its powers, or a person without capacity, (ii) by fraud, duress, or mistake, or (iii) in breach of duty or as part of an illegal transaction.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":294088,"text":"To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a"}},"ancestry":[{"id":13720,"edition_id":1,"name":"Negotiation, Transfer, and Endorsement","identifier":"2","label":"part","depth":2,"order_by":1,"parent_id":13054,"metadata":{},"date_created":"2026-06-26 03:45:40","date_modified":"2026-06-26 03:45:40","permalink":{"id":282789,"object_type":"structure","relational_id":13720,"identifier":"2","token":"8.3A\/2","url":"\/8.3A\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13054,"edition_id":1,"name":"Commercial Code \u2014 Negotiable Instruments","identifier":"8.3A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:11","date_modified":"2026-06-26 03:44:11","permalink":{"id":282705,"object_type":"structure","relational_id":13054,"identifier":"8.3A","token":"8.3A","url":"\/8.3A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":74433,"structure_id":13720,"section_number":"8.3A-201","catch_line":"Negotiation","url":"\/8.3A-201\/","token":"8.3A\/2\/8.3A-201","metadata":false},{"id":82062,"structure_id":13720,"section_number":"8.3A-202","catch_line":"Negotiation subject to rescission","url":"\/8.3A-202\/","token":"8.3A\/2\/8.3A-202","metadata":false},{"id":58085,"structure_id":13720,"section_number":"8.3A-203","catch_line":"Transfer of instrument; rights acquired by transfer","url":"\/8.3A-203\/","token":"8.3A\/2\/8.3A-203","metadata":false},{"id":70902,"structure_id":13720,"section_number":"8.3A-204","catch_line":"Endorsement","url":"\/8.3A-204\/","token":"8.3A\/2\/8.3A-204","metadata":false},{"id":54714,"structure_id":13720,"section_number":"8.3A-205","catch_line":"Special endorsement; blank endorsement; anomalous endorsement","url":"\/8.3A-205\/","token":"8.3A\/2\/8.3A-205","metadata":false},{"id":65468,"structure_id":13720,"section_number":"8.3A-206","catch_line":"Restrictive endorsement","url":"\/8.3A-206\/","token":"8.3A\/2\/8.3A-206","metadata":false},{"id":76773,"structure_id":13720,"section_number":"8.3A-207","catch_line":"Reacquisition","url":"\/8.3A-207\/","token":"8.3A\/2\/8.3A-207","metadata":false}],"previous_section":{"id":74433,"structure_id":13720,"section_number":"8.3A-201","catch_line":"Negotiation","url":"\/8.3A-201\/","token":"8.3A\/2\/8.3A-201","metadata":false},"next_section":{"id":58085,"structure_id":13720,"section_number":"8.3A-203","catch_line":"Transfer of instrument; rights acquired by transfer","url":"\/8.3A-203\/","token":"8.3A\/2\/8.3A-203","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.3A-202\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1964, chapter 219; in 1992, chapter 693.<\/p>","references":false,"refers_to":false,"permalink":{"id":282795,"object_type":"law","relational_id":82062,"identifier":"8.3A-202","token":"8.3A\/2\/8.3A-202","url":"\/8.3A-202\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.3A-202\/","token":"8.3A\/2\/8.3A-202","dublin_core":{"Title":"Negotiation subject to rescission","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.3A-202","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"a\"><p><span class=\"prefix-number\">a.<\/span> Negotiation is effective even if obtained (i) from an infant, a corporation exceeding its powers, or a person without capacity, (ii) by <span class=\"dictionary\">fraud<\/span>, duress, or mistake, or (iii) in breach of duty or as part of an illegal transaction. <a id=\"paragraph-294087\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/8.3A-202\/#a\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"b\"><p><span class=\"prefix-number\">b.<\/span> To the extent permitted by other <span class=\"dictionary\">law<\/span>, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of <span class=\"dictionary\">facts<\/span> that are a basis for rescission or other remedy. <a id=\"paragraph-294088\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/8.3A-202\/#b\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nNEGOTIATION SUBJECT TO RESCISSION (\u00a7 8.3A-202)\n\na. Negotiation is effective even if obtained (i) from an infant, a corporation\nexceeding its powers, or a person without capacity, (ii) by fraud, duress, or\nmistake, or (iii) in breach of duty or as part of an illegal transaction.\n\nb. To the extent permitted by other law, negotiation may be rescinded or may be\nsubject to other remedies, but those remedies may not be asserted against a\nsubsequent holder in due course or a person paying the instrument in good faith\nand without knowledge of facts that are a basis for rescission or other remedy.\n\nHISTORY: Code 1950, \u00a7 6-374; 1964, c. 219, \u00a7 8.3-207; 1992, c. 693.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}