Ky. Rev. Stat. § 355.9-333

Current through 2024 Ky. Acts ch. 225
Section 355.9-333 - 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.

KRS 355.9-333

Effective:7/1/2001
Created 2000, Ky. Acts ch. 408, sec. 73, effective7/1/2001.