(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 title means the presentment notice unless the context otherwise
indicates.‹ Prev All Maryland sections Next ›
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