{"data":{"id":"us-ca/com-4504","jurisdiction":"us-ca","citation":"COM § 4504","heading":"","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 subdivision (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":["Commercial Code - COM","DIVISION 4. BANK DEPOSITS AND COLLECTIONS [4101. - 4504.]","CHAPTER 5. Collection of Documentary Drafts [4501. - 4504.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"695ff42ff4d45942027233e0ed833bf231a3930b12a33c045e6ac395c83004f2","source_id":"us-ca","stale":false,"prev":"us-ca/com-4503","next":"us-ca/com-5101"},"notice":"GroundRules: Original legal text. Not legal advice."}