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Can you summarize NVRS 104.4504?
Uniform Commercial CodeOriginal Articles > Privilege of presenting bank to deal with goods; security interest for expenses.
Short Summary
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 sellers lien. (Added to NRS by 1965, 853)
Jurisdiction
Nevada