“Automated clearing house (ACH)” means a central distribution and settlement point for the electronic clearing of money transfers between financial institutions where the clearing house for electronic debit or credit entries operates pursuant to an agreement with a member of the national automated clearing house association.

Source. #6639, eff 11-27-97, EXPIRED 11-27-05 New. #8495, eff 11-30-05; ss by #10484, eff 12-5-13; ss by #13724, eff 8-18-23 (see Revision Note at chapter heading for Rev 2500)