<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="4-504" title_number="4" title_name="Bank Deposits and Collections" subtitle_number="5" subtitle_name="Collection of Documentary Drafts">
  <level label="a">
    <text>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.</text>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
</section>
