N.H. Rev. Stat. Ann. § 382-A:4-504

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

Known as the Uniform Commercial Code

The act spans §§ 382-A:1-101 to 382-A:9-809 (637 sections).

Source. 1993, 346:1, eff

(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.

Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.