§ 8.9A-333. Priority of certain liens arising by operation of law
(a) "Possessory lien." 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) Priority of possessory lien. 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.
(1964, c. 219, § 8.9-310; 2000, c. 1007.)Sections: Previous 8.9A-326 8.9A-327 8.9A-328 8.9A-329 8.9A-330 8.9A-331 8.9A-332 8.9A-333 8.9A-334 8.9A-335 8.9A-336 8.9A-337 8.9A-338 8.9A-339 8.9A-340 Next
Last modified: April 3, 2009