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