Current through the 2023 Regular Session
Section 30-9A-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) that 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) that 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.En. Sec. 52, Ch. 305, L. 1999; Sec. 30-9-353, MCA 1999; redes. 30-9A-333 by Code Commissioner, 2001.