Section 30-4-504 - 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.En. Sec. 4-504, Ch. 264, L. 1963; R.C.M. 1947, 87A-4-504.