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Can you summarize NHRS 382-A:3-110?
UNIFORM COMMERCIAL CODE > Identification of Person to Whom Instrument is Payable.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, provides guidelines for determining the person to whom an instrument is initially payable. The document states that the person intended by the signer, even if identified differently in the instrument, is the payee. If multiple signers do not intend the same person as payee, the instrument is payable to any person intended by one or more of the signers. The document also addresses instruments with automated signatures, where the payee is determined by the intent of the person who supplied the payee’s name or identification. Additionally, the document allows for various ways to identify the person to whom an instrument is payable, including by name, identifying number, office, or account number. It further provides rules for determining the holder of an instrument in specific scenarios. Overall, this document establishes the rules and principles for identifying the payee of an instrument in commercial transactions.
Whom does it apply to?
All parties involved in commercial transactions and the negotiation, discharge, or enforcement of instruments
What does it govern?
Identification of Person to Whom Instrument is Payable
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire