{"data":{"id":"us-il/810-ilcs-5-4-504","jurisdiction":"us-il","citation":"810 ILCS 5/4-504","heading":"","body":"Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses.\n(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":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"d44591a3e3f318b5603d2cf15dfa6cc06edf8d603253df12ef8c11efb34733de","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-4-503","next":"us-il/810-ilcs-5-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}