{"data":{"id":"us-mn/minn.-stat.-336.4-504","jurisdiction":"us-mn","citation":"Minn. Stat. § 336.4-504","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":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 336. UNIFORM COMMERCIAL CODE","Article 4 BANK DEPOSITS AND COLLECTIONS","Part 5 COLLECTION OF DOCUMENTARY DRAFTS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/336.4-504","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:43Z","sha256":"5eb506683e87d1074afa8430f016a7f0da4f70d4f4c83171f97b686fdca241af","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-336.4-503","next":"us-mn/minn.-stat.-336.4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}