70A-4-110 - Electronic presentment. - Utah Statutes

70A-4-110. Electronic presentment.
(1) "Agreement for electronic presentment" means an agreement, clearinghouse rule, orFederal Reserve regulation or operating circular, providing that presentment of an item may bemade by transmission of an image of an item or information describing the item, a "presentmentnotice," rather than delivery of the item itself. The agreement may provide for proceduresgoverning retention, presentment, payment, dishonor, and other matters concerning items subjectto the agreement.
(2) Presentment of an item in accordance with an agreement for presentment is madewhen the presentment notice is received.
(3) If presentment is made by presentment notice, a reference to "item" or "check" in thischapter means the presentment notice unless the context otherwise indicates.

Enacted by Chapter 237, 1993 General Session