(A) As used in this section, "possessory lien" means an interest, other than a security interest or an agricultural lien:
(1) That 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) That 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.
Effective Date: 07-01-2001
Section: Previous 1309.326 1309.327 1309.328 1309.329 1309.330 1309.331 1309.332 1309.333 1309.334 1309.335 1309.336 1309.337 1309.338 1309.339 1309.340 NextLast modified: October 10, 2016