# Commercial Law (GCL)

## Title 4. Bank Deposits and Collections

### Subtitle 5. Collection of Documentary Drafts

#### Section 4-504

(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.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)