{"data":{"id":"us-gu/13-gca-4504","jurisdiction":"us-gu","citation":"13 GCA § 4504","heading":"Privilege of Presenting Bank to Deal with Goods; Security Interest for Expenses.","body":"(1) A presenting bank which, 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(2) For its reasonable expenses incurred by action under subdivision (1) 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 13: Uniform Commercial Code","Division 4: Bank Deposits and Collections","CHAPTER 5: COLLECTION OF DOCUMENTARY DRAFTS"],"source_url":"https://col.guamcourts.gov/sites/default/files/13gdv004.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:28:08Z","sha256":"5c81ab370eed7fd77d3dc8f19f6771175ccad424634f1c882fa82e7014205cb3","source_id":"us-gu","stale":false,"prev":"us-gu/13-gca-4503","next":"us-gu/13-gca-5101"},"notice":"GroundRules: Original legal text. Not legal advice."}