§ 70A-9a-333. Priority of certain liens arising by operation of law.  


Latest version.
  • (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 the person's business;
    (b) which is created by statute or rule of law in favor of the person; and
    (c) whose effectiveness depends on the person's 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.
Enacted by Chapter 252, 2000 General Session