{"data":{"id":"us-al/ala.-code-7-4-504","jurisdiction":"us-al","citation":"Ala. Code § 7-4-504","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, 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.\n(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.","path":["Title 7 Commercial Code.","Article 4 Bank Deposits and Collections.","Part 5 Collection of Documentary Drafts."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=7-4-504","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"8ec1426659449913a7bce4cdf271761e2345e12ee418cdbd3560b805f0b96ebc","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-4-503","next":"us-al/ala.-code-7-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}