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Can you summarize NHRS 382-A:12-105?
UNIFORM COMMERCIAL CODE > Control of Controllable Electronic Record.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, discusses the concept of control of controllable electronic records. It defines control as having the power to avail oneself of the benefits of the electronic record and exclusive power to prevent others from availing themselves of the benefits or transferring control to another person. The document also explains that a power can still be considered exclusive even if it is shared with another person under certain circumstances. It further outlines that a person can have control of a controllable electronic record through another person who acknowledges control on their behalf. The document clarifies that a person with control is not required to acknowledge it on behalf of another person and that no duties or confirmation are owed unless otherwise agreed or required by law. The document does not specify any penalties or exemptions. This legal provision is effective from January 1, 2023.
Whom does it apply to?
Persons involved in electronic record transactions
What does it govern?
Control of controllable electronic record
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire