Section 4--204. Methods of Sending and Presenting; Sending Direct to

Payor Bank.

(1) A collecting bank must send items by reasonably prompt method
taking into consideration any relevant instructions, the nature of the
item, the number of such items on hand, and the cost of collection
involved and the method generally used by it or others to present such
items.

(2) A collecting bank may send

(a) any item direct to the payor bank;

(b) any item to any non-bank payor if authorized by its

transferor; and

(c) any item other than documentary drafts to any non-bank payor,

if authorized by Federal Reserve regulation or operating

letter, clearing house rule or the like.

(3) Presentment may be made by a presenting bank at a place where the
payor bank has requested that presentment be made.