{"data":{"id":"us-va/va.-code-8.4-504","jurisdiction":"us-va","citation":"Va. Code § 8.4-504","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.(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.1964, c. 219; 1992, c. 693.","path":["Title 8.4. COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS","Part 5. COLLECTION OF DOCUMENTARY DRAFTS"],"source_url":"https://law.lis.virginia.gov/vacode/8.4-504/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:13:04Z","sha256":"1c85448d4805c8fb984e580d6c7dd4648cb63e2d93a2a7cd2bd6efda45adb023","source_id":"us-va","stale":true,"prev":"us-va/va.-code-8.4-503","next":"us-va/va.-code-8.4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}