§ 4-204. METHODS OF SENDING AND PRESENTING; SENDING DIRECTLY TO PAYOR BANK.
(a) A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved, and the method generally used by it or others to present those items.
(b) A collecting bank may send:
(2) an item to a nonbank payor if authorized by its transferor; and