Nev. Rev. Stat. § 104.4504
Privilege of presenting bank to deal with goods; security interest for expenses
Nevada · Nevada Revised Statutes Chapter 104 — Uniform Commercial Code—Original Articles · Status: effective
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- Citation
- Nev. Rev. Stat. § 104.4504, Privilege of presenting bank to deal with goods; security interest for expenses, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2079475
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Full text
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.