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2017 Wyoming Statutes
TITLE 34.1 - UNIFORM COMMERCIAL CODE
SECTION 34.1-4-504 - Privilege of presenting bank to deal with goods; security interest for expenses.
Universal Citation: WY Stat § 34.1-4-504 (2017)
34.1-4-504. 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.
ARTICLE 4.A
FUNDS TRANSFERS
PART 1
SUBJECT MATTER AND DEFINITIONS
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