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§12A-4-110.
§12A-4-110.
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 article means the presentment notice unless
the context otherwise indicates.
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