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Can you summarize NHRS 382-A:3-312?
UNIFORM COMMERCIAL CODE > Lost, Destroyed, or Stolen Cashier's Check, Teller's Check, or Certified Check.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the procedures and rights related to lost, destroyed, or stolen cashier’s checks, teller’s checks, or certified checks. It defines key terms such as ‘check’ (which includes cashier’s checks, teller’s checks, and certified checks), ‘claimant’ (a person claiming the right to receive the amount of a lost, destroyed, or stolen check), and ‘declaration of loss’ (a written statement under penalty of perjury regarding the loss of a check). The document outlines the process for a claimant to assert a claim to the amount of a check, including providing a declaration of loss and reasonable identification if requested by the obligated bank. It also establishes the enforceability of the claim and the obligations of the obligated bank. Additionally, it addresses the obligations of the claimant if the check is presented for payment by a person with rights of a holder in due course. Overall, this document provides a framework for addressing the loss, destruction, or theft of cashier’s checks, teller’s checks, or certified checks.
Whom does it apply to?
Claimants who have lost, destroyed, or had their cashier's check, teller's check, or certified check stolen
What does it govern?
Lost, Destroyed, or Stolen Cashier's Check, Teller's Check, or Certified Check
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
New Hampshire