47-4110. Electronic presentment
A. "Agreement for electronic presentment" means an agreement, clearing-house rule
or federal reserve regulation or operating circular providing that presentment of an item
may be made by transmission of an image of an item or information describing the item
("presentment notice") rather than delivery of the item itself. The agreement may
provide for procedures governing retention, presentment, payment, dishonor and other
matters concerning items subject to the agreement.
B. Presentment of an item pursuant to an agreement for presentment is made when the
presentment notice is received.
C. If presentment is made by presentment notice, a reference to "item" or "check"
in this chapter means the presentment notice unless the context otherwise indicates.
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