{"data":{"id":"us-ct/conn.-gen.-stat.-42a-4-504","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 42a-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 42a. UNIFORM COMMERCIAL CODE","ARTICLE 4*. BANK DEPOSITS AND COLLECTIONS","PART 5. COLLECTION OF DOCUMENTARY DRAFTS"],"source_url":"https://www.cga.ct.gov/current/pub/art_004.htm#sec_42a-4-504","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:15Z","sha256":"5eb506683e87d1074afa8430f016a7f0da4f70d4f4c83171f97b686fdca241af","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-42a-4-503","next":"us-ct/conn.-gen.-stat.-42a-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}