{"data":{"id":"us-sc/s.c.-code-ann.-36-4-504","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 36-4-504","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 36 - COMMERCIAL CODE","CHAPTER 4 Commercial Code—Bank Deposits and Collections","Part 5 Collection of Documentary Drafts"],"source_url":"https://www.scstatehouse.gov/code/t36c004.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:08:19Z","sha256":"b575efdae7d55c27afb86a5e53ac89c1cdf10b1193e65909302f5ede9f1453e7","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-36-4-503","next":"us-sc/s.c.-code-ann.-36-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}