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Hawaii · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Haw. Rev. Stat. § 490:4-504: Privilege of presenting bank to deal with goods; security interest for expenses.

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Where this section sits in the code
  1. Hawaii Code
  2. Division 2
  3. Title 27
  4. Chapter 490

(a) A presenting bank that, following the dishonor of a documentary draft, has seasonably requested instructions but does not receive them within a reasonable time may store, sell, or otherwise deal with the goods in any reasonable manner.

(b) For its reasonable expenses incurred by action under subsection (a), the presenting bank has a lien upon the goods or their proceeds, which may be foreclosed in the same manner as an unpaid seller's lien.

Collected 2026-09-14T18:32:11Z. Source file · JSON

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