2013 Nevada Revised Statutes
Chapter 104 - Uniform Commercial Code—Original Articles
NRS 104.4504 - Privilege of presenting bank to deal with goods; security interest for expenses.
1. A presenting bank which, 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.
2. For its reasonable expenses incurred by action under subsection 1 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.
(Added to NRS by 1965, 853)
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