{"data":{"id":"us-dc/d.c.-code-28-4-504","jurisdiction":"us-dc","citation":"D.C. Code § 28:4-504","heading":"Privilege of presenting bank to deal with goods; security interest for expenses.","body":"(a)\nA 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\n(b)\nFor its reasonable expenses incurred by action under subsection (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 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 4. Bank Deposits and Collections.","Part 3. Collection of Items: Payor Banks."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:4-504","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"bb17d60375218c816f22c91815d39869ecbcd4ea4ca8f8a9f364eaf5b4fdd776","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-4-503","next":"us-dc/d.c.-code-28-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}