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Can you summarize NHRS 382-A:3-118?
UNIFORM COMMERCIAL CODE > Statute of Limitations.
Short Summary
The provided legal document content pertains to the statute of limitations for various financial instruments. It specifies the time limits within which actions to enforce payment obligations must be commenced. The document covers notes payable at a definite time, notes payable on demand, unaccepted drafts, certified checks, teller’s checks, cashier’s checks, traveler’s checks, and certificates of deposit. The statute of limitations varies depending on the type of instrument and the circumstances. The document also mentions a general three-year time limit for actions related to conversion of an instrument, breach of warranty, or enforcement of obligations, duties, or rights under the Uniform Commercial Code. No specific penalties are mentioned in this document.
Whom does it apply to?
Parties involved in notes, drafts, certified checks, teller's checks, cashier's checks, traveler's checks, and certificates of deposit
What does it govern?
Statute of Limitations
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
New Hampshire