Ask Reggi Your Question Now
Can you summarize NVRS 104.9102?
Uniform Commercial CodeOriginal Articles > Definitions and index of definitions.
Short Summary
This legal document, part of the Nevada Revised Statutes, governs the Uniform Commercial CodeOriginal Articles in the area of Commercial Instruments and Transactions. It applies to individuals and entities involved in commercial transactions and the creation of security interests. The document provides definitions for various terms used in commercial transactions, such as ‘accession,’ ‘account,’ ‘account debtor,’ ‘agricultural lien,’ ‘authenticate,’ ‘bank,’ ‘cash proceeds,’ and many others. It also outlines the scope of the document, including exemptions for certain types of payment rights. No specific penalties are mentioned in this document.
Whom does it apply to?
This document applies to individuals and entities involved in commercial transactions and the creation of security interests.
What does it govern?
This legal document governs the Uniform Commercial CodeOriginal Articles under the Nevada Revised Statutes, specifically in the area of Commercial Instruments and Transactions.
What are exemptions?
The document does not apply to certain rights to payment, such as those evidenced by chattel paper or an instrument; commercial tort claims; deposit accounts; investment property; letter-of-credit rights or letters of credit; or rights to payment for money or funds advanced or sold, other than rights arising out of the use of a credit or charge card or information contained on or for use with the card.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Nevada