{"data":{"id":"us-ri/r.i.-gen.-laws-6a-4-504","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-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 6A Uniform Commercial Code","Chapter 4 Bank Deposits and Collections","Part 5 Collection of Documentary Drafts"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE6A/6A-4/6A-5/6A-4-504.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:09:24Z","sha256":"7a8f31e408aa55f12f73dfbd55276e547dada900209d146ef3e6310c42ad2c92","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-4-503","next":"us-ri/r.i.-gen.-laws-6a-4-505"},"notice":"GroundRules: Original legal text. Not legal advice."}