Texas Business & Commerce Code - Section 4.110. Electronic Presentment
Legal Research Home >
Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 4.110. Electronic Presentment
§ 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 under 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.
Added by Acts 1995, 74th Leg., ch. 921, § 4, eff. Jan. 1, 1996.
Section: 4.103 4.104 4.105 4.106 4.107 4.108 4.109 4.110 4.111 4.112 4.201 4.202 4.203 4.204 4.205
Last modified: August 10, 2007
|
