Iowa Code § 554.4504 - Privilege of presenting bank to deal with goods — security interest for expenses
A presenting bank may deal with goods reasonably if it asked for instructions after a documentary draft was dishonored and still did not receive them in a reasonable time. It also has a lien on the goods or proceeds for reasonable expenses.
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- United States — Iowa
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- en
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Citation provenance: source:global:stored-legal-sources · schema StatuteEnrichmentPublicV1.
banking goods handling liens
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Iowa Code § 554.4504 - Privilege of presenting bank to deal with goods — security interest for expenses
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