Ask Reggi Your Question Now
Can you summarize NVRS 104.3501?
Uniform Commercial CodeOriginal Articles > Presentment.
Short Summary
This legal document, part of the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, defines and regulates the concept of ‘Presentment.’ Presentment refers to a demand made by or on behalf of a person entitled to enforce an instrument, either to pay the instrument or to accept a draft. The document outlines the rules for presentment, including the place of payment, means of communication, effectiveness of presentment, and requirements for the person making presentment. It also allows the party to whom presentment is made to return the instrument for lack of endorsement or refuse payment/acceptance for non-compliance. Additionally, it provides provisions for presentment occurring after a cutoff hour. The document does not mention any specific exemptions or penalties.
Whom does it apply to?
Persons entitled to enforce an instrument, drawees, makers, acceptors, and other payors
What does it govern?
Presentment
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada