§ 9—333.
124 words·~1 min read·
/vt/9-62A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 9—333. Priority of certain liens arising by operation of law
(a)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)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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)