Turtle Mountain Band of Chippewa Indians of North Dakota - Tribal Law
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Turtle Mountain Band of Chippewa Indians Tribal Code.
24.24.040 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.
Original url: /us/nsn/tmchippewa/council/code/24.24.040
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