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.‹ Prev All Oklahoma sections Next ›
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