Nevada Revised Statutes Section 104.9333 - Commercial Instruments and Transactions

Priority of certain possessory liens arising by operation of law.

1. In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien:

(a) 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 his business;

(b) Which is created by statute or rule of law in his favor; and

(c) Whose effectiveness depends on his possession of the goods.

2. 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.

Last modified: February 27, 2006