Section 26-1-4-504 - Privilege of presenting bank to deal with goods; security interest for expenses(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.(Formerly: Acts 1963, c.317, s.4-504.) As amended by P.L. 222-1993, SEC.45.