{"data":{"id":"us-ut/utah-code-70a-4-504","jurisdiction":"us-ut","citation":"Utah Code § 70A-4-504","heading":"Privilege of presenting bank to deal with goods -- Security interest for expenses.","body":"(1) 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(2) 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 70A Uniform Commercial Code","Chapter 70A-4 Uniform Commercial Code - Bank Deposits and Collections","Part 70A-4-5 Collection of Documentary Drafts"],"source_url":"https://le.utah.gov/xcode/Title70A/Chapter4/70A-4-S504.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"e15b9f9912c2914fb465bd2f515c8e47ae9738a3a26ac55087fa11cf50479c17","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-70a-4-503","next":"us-ut/utah-code-70a-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}