Section 7-4-504 Privilege of Presenting Bank to Deal with Goods; Security Interest for Expenses.
A presenting bank may reasonably store, sell, or otherwise deal with goods if a documentary draft is dishonored, the bank seasonably requested instructions, and no instructions arrive within a reasonable time.
AI-assisted research synopsis — verify against the official legal text below.
- Jurisdiction
- United States — Alabama
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Citation provenance: source:global:stored-legal-sources · schema StatuteEnrichmentPublicV1.
banking goods handling liens
Statute overview
About this statute
This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.
Ask AI about this statute
Section 7-4-504 Privilege of Presenting Bank to Deal with Goods; Security Interest for Expenses.
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign in