28-4-110. ELECTRONIC PRESENTMENT. (1) "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.
(2) Presentment of an item pursuant to an agreement for presentment 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.
History:
[28-4-110, added 1993, ch. 288, sec. 13, p. 1057.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 4 - UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS
Part 1 - GENERAL PROVISIONS AND DEFINITIONS
Section 28-4-101 - SHORT TITLE.
Section 28-4-102 - APPLICABILITY.
Section 28-4-104 - DEFINITIONS AND INDEX OF DEFINITIONS.
Section 28-4-106 - PAYABLE THROUGH OR PAYABLE AT BANK — COLLECTING BANK.
Section 28-4-107 - SEPARATE OFFICE OF A BANK.
Section 28-4-108 - TIME OF RECEIPT OF ITEMS.
Section 28-4-110 - ELECTRONIC PRESENTMENT.