§ 41-04-10 — (4-110) Electronic presentment

North Dakota § 41-04-10

• Jurisdiction: North Dakota
• Title 41: Uniform Commercial Code
• Ch. 41-04: Bank Deposits and Collections

Text

1. "Electronic presentment agreement" means an agreement, clearinghouse 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.
2. Presentment of an item under an electronic presentment agreement is made when the
presentment notice is received.

3. 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.