{"data":{"id":"us-ak/as-45.04.504","jurisdiction":"us-ak","citation":"AS 45.04.504","heading":"Privilege of presenting bank to deal with goods; security interest for expenses.","body":"(a) A presenting bank that, following the dishonor of a documentary draft, seasonably requests instructions but does not receive them within a reasonable time, may store, sell, or otherwise deal with the goods in a reasonable manner.\n(b) For its reasonable expenses incurred by action under (a) of this section, 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.","path":["Title 45. Trade and Commerce.","Chapter 04. Bank Deposits and Collections.","Article 5. Collection of Documentary Drafts."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.04.504","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"d1c4f0071048efef4254aff39859f5d892fda48a26bdd63c4eed5b25e565eb56","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.04.503","next":"us-ak/as-45.05.002-45.05.018"},"notice":"GroundRules: Original legal text. Not legal advice."}