{"data":{"id":"us-nv/nrs-104.4504","jurisdiction":"us-nv","citation":"NRS 104.4504","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.\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 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES","LETTERS OF CREDIT"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec4504","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"f6973ac3c5b8f227778a3d8f0ced4ebdab0eb35f82b854a56addb0f1171ee97a","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.4503","next":"us-nv/nrs-104.5101"},"notice":"GroundRules: Original legal text. Not legal advice."}