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Wyoming · Through 2026 Budget Session; as of 2026-07-01

Wyo. Stat. § 34.1-4-504: Privilege of presenting bank to deal with goods; security interest for expenses.

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Where this section sits in the code
  1. TITLE 34.1 - UNIFORM COMMERCIAL CODE
  2. ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS
  3. PART 5 COLLECTION OF DOCUMENTARY DRAFTS

(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 2026-09-04T00:16:32Z. Source file · JSON

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