{"data":{"id":"us-de/6-del.-c.-4-504","jurisdiction":"us-de","citation":"6 Del. C. § 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 6. Commerce and Trade","SUBTITLE I","Uniform Commercial Code","ARTICLE 4. Bank Deposits and Collections","Part 5","Collection of Documentary Drafts"],"source_url":"https://delcode.delaware.gov/title6/c004/sc05/index.html#4-504","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:06Z","sha256":"8ec1426659449913a7bce4cdf271761e2345e12ee418cdbd3560b805f0b96ebc","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-4-503","next":"us-de/6-del.-c.-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}