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Can you summarize NVRS 104.3110?
Uniform Commercial CodeOriginal Articles > Identification of person to whom instrument is payable.
Short Summary
This legal document pertains to the determination of the person to whom an instrument is initially payable. The instrument is payable to the person intended by the signer, even if the identification in the instrument does not match the intended person. If multiple signers do not intend the same payee, the instrument is payable to any person intended by one or more of the signers. The payee of an instrument made by automated means is determined by the intent of the person who supplied the payee’s name or identification. The document also provides rules for identifying the holder of an instrument based on various scenarios, such as accounts, trusts, representatives, funds, organizations, and offices. Additionally, it explains the payment options when an instrument is payable to multiple persons alternatively or non-alternatively. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
All parties involved in commercial instruments and transactions governed by the Uniform Commercial CodeOriginal Articles in Nevada
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
Nevada