(a) In this section, "possessory lien" means an interest, other than a security interest or an agricultural lien:
(1) which secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of the person's business;
(2) which is created by statute or rule of law in favor of the person; and
(3) whose effectiveness depends on the person's possession of the goods.
(b) A possessory lien on goods has priority over a security interest in the goods unless the lien is created by a statute that expressly provides otherwise.
Section: Previous 4-9-326 4-9-327 4-9-328 4-9-329 4-9-330 4-9-331 4-9-332 4-9-333 4-9-334 4-9-335 4-9-336 4-9-337 4-9-338 4-9-339 NextLast modified: November 15, 2016