§4-110. Electronic presentment
(1). "Agreement for electronic presentment" means an agreement, clearinghouse rule or Federal Reserve regulation or operating circular that provides that presentment of an item may be made by transmission of an image of an item or information describing that item, that is, a "presentment notice," rather than by delivery of the item itself. The "agreement for electronic presentment" may provide procedures governing retention, presentment, payment, dishonor and other matters concerning items subject to the agreement.
[PL 1993, c. 293, Pt. B, §16 (NEW).]
(2). Presentment of an item pursuant to an "agreement for electronic presentment" is made when the presentment notice is received.
[PL 1993, c. 293, Pt. B, §16 (NEW).]
(3). 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.
[PL 1993, c. 293, Pt. B, §16 (NEW).]
SECTION HISTORY
PL 1993, c. 293, §B16 (NEW).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 4: BANK DEPOSITS AND COLLECTIONS
Part 1: GENERAL PROVISIONS AND DEFINITIONS
11 §4-103. Variation by agreement; measure of damages; action constituting ordinary care
11 §4-104. Definitions and index of definitions
11 §4-105-A. Payable through or payable at bank; collecting bank
11 §4-106. Separate office of a bank
11 §4-107. Time of receipt of items
11 §4-109. Process of posting (REPEALED)