(a) “Agreement for electronic presentment” 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.
(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 chapter means the presentment notice unless the context otherwise indicates.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 4 - Bank Deposits and Collections
Part 1 - General Provisions and Definitions
§ 4-4-103. Variation by agreement — Measure of damages — Action constituting ordinary care
§ 4-4-104. Definitions and index of definitions
§ 4-4-105. Definitions of types of banks
§ 4-4-106. Payable through or payable at bank — Collecting bank
§ 4-4-107. Separate office of a bank
§ 4-4-108. Time of receipt of items