---
title: O.C.G.A. § 11-4-504. Privilege of presenting bank to deal with goods; security interest for expenses.
collection: code
id: 11-4-504
cite_as: O.C.G.A. § 11-4-504 (2025)
canonical_url: https://georgiacommons.org/code/11-4-504
md_url: https://georgiacommons.org/code/11-4-504.md
text_url: https://georgiacommons.org/code/11-4-504/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-2022-pdf.pdf?sfvrsn=b5451bbd_0#page=538
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/11-4.md
previous: https://georgiacommons.org/code/11-4-503.md
next: https://georgiacommons.org/code/11-4A-101.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / BANK DEPOSITS AND COLLECTIONS / COLLECTION OF DOCUMENTARY DRAFTS
---

# O.C.G.A. § 11-4-504. Privilege of presenting bank to deal with goods; security interest for expenses.

(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.

(b) For its reasonable expenses incurred by action under subsection (a) of this Code section, 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.

## History

Code 1933, § 109A-4-504, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 1996, p. 1306, § 14.