Vermont § 504 - § 4—504.
Full text of Vermont Vermont Statutes Online § 504 — § 4—504., with citation guidance and answers to common questions.
§ 504. § 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 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. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 504
What does Vermont Statutes Online § 504 cover?
Section 504 ("§ 4—504.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 504?
A common citation format is "Vermont Statutes Online § 504" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 504 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.