12A:9-333 Priority of certain liens arising by operation of law.

   12A:9-333. Priority of Certain Liens Arising by Operation of Law.

   (a)   "Possessory lien." 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)   Priority of possessory lien. 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.

   L.2001, c.117, s.1; amended 2001, c.386, s.49.