For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses.

RSA 382-A:4-504
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
382-A: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), 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. Source. 1993, 346:1, eff. Jan. 1, 1994.
Source: New Hampshire General Court (gc.nh.gov)URL: https://gc.nh.gov/rsa/html/XXXIV-A/382-A/382-A-4-504.htmFetched: 10/20/2026

Starting a business in New Hampshire? New Hampshire LLC guide: costs and requirements