{"data":{"id":"us-mt/30-4-504","jurisdiction":"us-mt","citation":"30-4-504","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 subsection (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 30. TRADE AND COMMERCE","CHAPTER 4. UNIFORM COMMERCIAL CODE BANK DEPOSITS AND COLLECTIONS","Part 5. Collection of Documentary Drafts"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_0040/part_0050/section_0040/0300-0040-0050-0040.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:50:57Z","sha256":"06589ff43ddc19ee452b836fd280176eb047755ac83f5d0b261eff8908cb50ac","source_id":"us-mt","stale":false,"prev":"us-mt/30-4-503","next":"us-mt/30-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}