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Can you summarize NHRS 382-A:3-205?
UNIFORM COMMERCIAL CODE > Special Indorsement; Blank Indorsement; Anomalous Indorsement.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, provides definitions and rules regarding different types of indorsements on negotiable instruments. It explains that a special indorsement is made by the holder of an instrument and identifies a specific person to whom the instrument is payable. A special indorsement restricts negotiation to only that identified person. On the other hand, a blank indorsement is made by the holder without specifying a particular payee, making the instrument payable to bearer and allowing negotiation through transfer of possession. The document also mentions that a blank indorsement can be converted into a special indorsement by adding words identifying the person to whom the instrument is payable. Additionally, it defines an anomalous indorsement as one made by a person who is not the holder of the instrument, but it does not affect the negotiation of the instrument. The document does not mention any specific exemptions or penalties related to these indorsements.
Whom does it apply to?
Holders of negotiable instruments
What does it govern?
Special Indorsement, Blank Indorsement, Anomalous Indorsement
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire