{"data":{"id":"us-ky/krs-355.4-504","jurisdiction":"us-ky","citation":"KRS 355.4-504","heading":"Privilege of presenting bank to deal with goods -- Security interest for","body":"expenses.\n(1) A presenting bank that, following the dishonor of a documentary draft, has\nseasonably requested instructions but does not receive them within a reasonable\ntime may store, sell, or otherwise deal with the goods in any reasonable manner.\n(2) For its reasonable expenses incurred by action under subsection (1) the presenting\nbank has a lien upon the goods or their proceeds, which may be foreclosed in the\nsame manner as an unpaid seller's lien.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33554","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:45Z","sha256":"0f6bacaf16d9391ded68fef499e0eacfce6d7e33c33f9c3006b92b14fc89ebf5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.4-503","next":"us-ky/krs-355.4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}