Sec. 9-333. Priority of certain liens arising by operation of law.
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/il/chapter-810/act-5/9-333A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 9-333. 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.