There is a newer version of the Connecticut General Statutes
2005 Connecticut Code - Sec. 42a-4-504. Privilege of presenting bank to deal with goods; security interest for expenses.
Sec. 42a-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.
(1959, P.A. 133, S. 4-504; P.A. 91-304, S. 107.)
History: P.A. 91-304 made a minor change in wording and replaced numeric with alphabetic Subsec. indicators.
Disclaimer: These codes may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.