{"data":{"id":"us-ms/miss.-code-ann.-75-4-504","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 75-4-504","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 75. Regulation of Trade, Commerce and Investments","Chapter 4. Uniform Commercial Code—Bank Deposits and Collections","Part 5. Collection of Documentary Drafts."],"source_url":"https://archive.org/download/gov.ms.code.ann.2018/release78.2020.07.08/gov.ms.code.title.75.odt","current_through":"2020-07-08","vintage":"Mississippi Code Release 78 (2020-07), retrieved 2026-09-17","retrieved_at":"2026-10-27T05:54:13Z","sha256":"8ec1426659449913a7bce4cdf271761e2345e12ee418cdbd3560b805f0b96ebc","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-75-4-503","next":"us-ms/miss.-code-ann.-75-4a-101","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ms","title":"Mississippi Release 78 supplement","text":"Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows.","url":"https://archive.org/details/gov.ms.code.ann.2018"}]},"notice":"GroundRules: Original legal text. Not legal advice."}