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Can you summarize NHRS 382-A:4-104?
UNIFORM COMMERCIAL CODE > Definitions and Index of Definitions.
Short Summary
This legal document is part of the New Hampshire Revised Statutes and specifically pertains to the Uniform Commercial Code (UCC). The UCC governs various aspects of commercial transactions, including the definition of terms used in the code. The document provides definitions for terms such as ‘account,’ ‘afternoon,’ ‘banking day,’ ‘clearing house,’ ‘customer,’ ‘documentary draft,’ ‘draft,’ ‘drawee,’ ‘item,’ ‘midnight deadline,’ ‘settle,’ and ‘suspends payments.’ It also references other definitions applicable to this Article and sections within the UCC. Additionally, the document mentions that Article 1 contains general definitions and principles of construction and interpretation applicable throughout the UCC. Overall, this legal document serves as a reference for understanding the definitions and terminology used within the Uniform Commercial Code in the state of New Hampshire.
Whom does it apply to?
Persons involved in commercial transactions, including banks, customers, drawees, and payors
What does it govern?
Uniform Commercial Code (Chapter 382-A)
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire