70A-9a-333. Priority of certain liens arising by operation of law.
119 words·~1 min read·
/ut/title-70a/chapter-9a/70a-9a-333A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
70A-9a-333. Priority of certain 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 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