Sec. 4.110. ELECTRONIC PRESENTMENT. (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 this chapter means the presentment notice unless the context otherwise indicates.
Added by Acts 1995, 74th Leg., ch. 921, Sec. 4, eff. Jan. 1, 1996.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 4 - Bank Deposits and Collections
Subchapter A. General Provisions and Definitions
Section 4.103. Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care
Section 4.104. Definitions and Index of Definitions
Section 4.106. Payable Through or Payable at Bank; Collecting Bank
Section 4.107. Separate Office of a Bank
Section 4.108. Time of Receipt of Items
Section 4.110. Electronic Presentment