Indiana § 26-1-4-110 Electronic presentment

Indiana Statutes

§ 26-1-4-110 — Electronic presentment

Indiana·Title 26 COMMERCIAL LAW·Art. 1 UNIFORM COMMERCIAL CODE·Ch. 4 Bank Deposits and Collections

(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 IC 26-1-4 means the presentment notice unless the context otherwise indicates.

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(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 IC 26-1-4 means the presentment notice unless the
context otherwise indicates.

Indiana § 26-1-4-110 (Electronic presentment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.