§ 62A.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.
[1993 c 229 § 86.]
Notes:
Recovery of attorneys' fees -- Effective date -- 1993 c 229: See RCW 62A.11-111 and 62A.11-112.
Sections: Previous 62A.4-103 62A.4-104 62A.4-105 62A.4-106 62A.4-107 62A.4-108 62A.4-109 62A.4-110 62A.4-111 62A.4-201 62A.4-202 62A.4-203 62A.4-204 62A.4-205 62A.4-206 Next
Last modified: April 7, 2009