{"data":{"id":"us-tn/tenn.-code-ann.-47-4-504","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-4-504","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":["TN Code","Title 47","Chapter 4"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"5eb506683e87d1074afa8430f016a7f0da4f70d4f4c83171f97b686fdca241af","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-4-503","next":"us-tn/tenn.-code-ann.-47-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}