{"data":{"id":"us-nd/n.d.-cent.-code-41-04-42","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-04-42","heading":"(4-504) Privilege of presenting bank to deal with goods - Security interest for expenses","body":"1.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.\n2.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 41 Uniform Commercial Code","Chapter 41-04 Bank Deposits And Collections"],"source_url":"https://ndlegis.gov/cencode/t41c04.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"c52a0637d70efffd81c7d546594f0918d99d0b1bf14944b299c59fce5da55ef3","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-04-41","next":"us-nd/n.d.-cent.-code-41-04.1-01"},"notice":"GroundRules: Original legal text. Not legal advice."}