There Is a Newer Version of the New Hampshire Revised Statutes
  1. 2023 N.H. Rev. Stat.
  2. 2022 N.H. Rev. Stat.
  3. 2021 N.H. Rev. Stat.
  4. 2010 N.H. Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2010 New Hampshire Statutes
TITLE XXXIV-A UNIFORM COMMERCIAL CODE
CHAPTER 382-A UNIFORM COMMERCIAL CODE
Section 382-A:4-504 Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses.


NH Rev Stat § 382-A:4-504 (1996 through Reg Sess) What's This?

382-A: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.

Source. 1993, 346:1, eff. Jan. 1, 1994.

Disclaimer: These codes may not be the most recent version. New Hampshire 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.