KRS 355.4-110: 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 article means the presentment notice unless the context otherwise indicates.