Ark. Code § 4-9-333

Current with legislation from 2024 Fiscal and Special Sessions.
Section 4-9-333 - 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.

Ark. Code § 4-9-333

Acts 2001, No. 1439, § 1.