{"data":{"id":"us-ar/ark.-code-ann.-4-4-504","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-4-504","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 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 4 Bank Deposits and Collections","Part 5 — Collection of Documentary Drafts"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"5eb506683e87d1074afa8430f016a7f0da4f70d4f4c83171f97b686fdca241af","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-4-503","next":"us-ar/ark.-code-ann.-4-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}