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Can you summarize NVRS 104A.4105?
Uniform Commercial CodeAdditional Articles > Other definitions.
Short Summary
This legal document, known as Article 4 of the Uniform Commercial CodeAdditional Articles, governs the rules and regulations related to funds transfers and payment orders in the context of banking. It defines various terms such as authorized account, bank, customer, funds-transfer business day, funds-transfer system, and more. The document provides definitions for other terms used in this Article and refers to definitions in Article 4 of the Uniform Commercial Code. It also contains general definitions and principles of construction and interpretation applicable throughout this Article. The document does not specify any exemptions or penalties. Its main purpose is to establish a framework for the smooth and secure transfer of funds between banks and customers through payment orders and funds-transfer systems.
Whom does it apply to?
Banks, customers, and authorized accounts
What does it govern?
Uniform Commercial CodeAdditional Articles
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada