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Can you summarize NVRS 104.3204?
Uniform Commercial CodeOriginal Articles > Endorsement.
Short Summary
This legal document, part of the Nevada Revised Statutes, pertains to the Uniform Commercial CodeOriginal Articles. It defines the concept of ’endorsement’ in relation to negotiable instruments. An endorsement refers to a signature, other than that of a signer as maker, drawer, or acceptor, made on an instrument for the purpose of negotiating the instrument, restricting payment, or incurring endorser’s liability. The document also explains the role of an endorser and clarifies that an endorsement that transfers a security interest in the instrument is effective as an unqualified endorsement. Additionally, it states that if an instrument is payable to a holder under a name that is not the holder’s own, endorsement may be made in the name stated in the instrument or in the holder’s own name, or both. This legal document does not mention any specific exemptions or penalties.
Whom does it apply to?
Persons involved in commercial instruments and transactions
What does it govern?
Uniform Commercial CodeOriginal Articles
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada