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§ 4 504 — 4 504 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

4 504

U.S. Virgin Islands § 4 504 — U.S. Virgin Islands law

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(a) 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.\n(b) 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 seller's lien.