(a) Dealing with goods following dishonor of documentary draft.-- A presenting bank that, 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. (b) Security interest for expenses.-- For its reasonable expenses incurred by action under subsection (a), the presenting bank has a lien upon the goods or their proceeds, which may be foreclosed in the same manner as an unpaid lien of a seller. DIVISION 4A FUNDS TRANSFERS Chapter 4A1. Subject Matter and Definitions 4A2. Issue and Acceptance of Payment Order 4A3. Execution of Sender's Payment Order by Receiving Bank 4A4. Payment 4A5. Miscellaneous Provisions CHAPTER 4A1 SUBJECT MATTER AND DEFINITIONS Sec. 4A101. Short title of division. 4A102. Subject matter. 4A103. Payment order; definitions. 4A104. Funds transfer; definitions. 4A105. Other definitions. 4A106. Time payment order is received. 4A107. Federal Reserve regulations and operating circulars. 4A108. Relationship to Electronic Fund Transfer Act.
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