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Can you summarize NVRS 104.3205?
Uniform Commercial CodeOriginal Articles > Special endorsement; blank endorsement; anomalous endorsement.
Short Summary
This legal document, part of the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, governs the different types of endorsements on commercial instruments. It defines and explains three types of endorsements: special endorsement, blank endorsement, and anomalous endorsement. A special endorsement is made by the holder of an instrument and identifies a specific person to whom the instrument is payable. It can only be negotiated by the endorsement of that person. A blank endorsement, on the other hand, is made by the holder of an instrument without specifying a particular payee, making the instrument payable to bearer. It can be negotiated by transfer of possession alone until specially endorsed. The holder of an instrument can convert a blank endorsement into a special endorsement by adding words identifying the person to whom the instrument is payable. An anomalous endorsement refers to an endorsement 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 exemptions or penalties related to these endorsements.
Whom does it apply to?
Holders of commercial instruments
What does it govern?
Endorsements on commercial instruments
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada