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

1. Law
2. Oregon Revised Statutes
3. Business Organizations, Commercial Code
4. Bank Deposits and Collections
5. Privilege of presenting bank to deal with goods; security interest for expenses.

(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]

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