Section 74.5040 - Privilege of presenting bank to deal with goods; security interest for expenses.

OR Rev Stat § 74.5040 (2019) (N/A)
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(2) For its reasonable expenses incurred by action under subsection (1) of this 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. [1961 c.726 §74.5040; 1993 c.545 §113]