KRS 355.4-504: Privilege of presenting bank to deal with goods -- Security interest for

expenses.

(1) 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.

(2) For its reasonable expenses incurred by action under subsection (1) 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.