{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-4-504","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-4-504","heading":"Privilege of Presenting Bank to Deal With Goods;","body":"Security Interest for Expenses.\n\nPRIVILEGE OF PRESENTING BANK TO DEAL WITH GOODS;\n\nSECURITY INTEREST FOR EXPENSES\n\n(a) A presenting bank that, following the dishonor of a\n\ndocumentary draft, has seasonably requested instructions but does\n\nnot receive them within a reasonable time may store, sell, or\n\notherwise deal with the goods in any reasonable manner.\n\n(b) For its reasonable expenses incurred by action under\n\nsubsection (a) of this section, the presenting bank has a lien upon\n\nthe goods or their proceeds, which may be foreclosed in the same\n\nmanner as an unpaid seller's lien.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"472faf3c48f9dc83bb96b45b8c56dae2455ba86bc3589747aefc6b454667dddc","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-4-503","next":"us-ok/okla.-stat.-tit.-12a-12a-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}