§ 6A-4-110 - Electronic presentment. - Rhode Island Statutes

SECTION 6A-4-110

   § 6A-4-110  Electronic presentment. –(a) "Agreement for electronic presentment" means an agreement, clearing-houserule, or federal reserve regulation or operating circular, providing thatpresentment of an item may be made by transmission of an image of an item orinformation describing the item ("presentment notice") rather than delivery ofthe item itself. The agreement may provide for procedures governing retention,presentment, payment, dishonor, and other matters concerning items subject tothe agreement.

   (b) Presentment of an item pursuant to an agreement forpresentment is made when the presentment notice is received.

   (c) If presentment is made by presentment notice, a referenceto "item" or "check" in this chapter means the presentment notice unless thecontext otherwise indicates.