State Codes and Statutes

Statutes > North-carolina > Chapter_25 > GS_25-9-333

§25‑9‑333.  Priority of certain liens arising by operation of law.

(a)        "Possessorylien." – In this section, "possessory lien" means an interest,other than a security interest or an agricultural lien:

(1)        Which securespayment or performance of an obligation for services or materials furnishedwith respect to goods by a person in the ordinary course of the person'sbusiness;

(2)        Which is created bystatute or rule of law in favor of the person; and

(3)        Whose effectivenessdepends on the person's possession of the goods.

(b)        Priority ofpossessory lien. – A possessory lien on goods has priority over a securityinterest in the goods unless the lien is created by a statute that expresslyprovides otherwise. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_25 > GS_25-9-333

§25‑9‑333.  Priority of certain liens arising by operation of law.

(a)        "Possessorylien." – In this section, "possessory lien" means an interest,other than a security interest or an agricultural lien:

(1)        Which securespayment or performance of an obligation for services or materials furnishedwith respect to goods by a person in the ordinary course of the person'sbusiness;

(2)        Which is created bystatute or rule of law in favor of the person; and

(3)        Whose effectivenessdepends on the person's possession of the goods.

(b)        Priority ofpossessory lien. – A possessory lien on goods has priority over a securityinterest in the goods unless the lien is created by a statute that expresslyprovides otherwise. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_25 > GS_25-9-333

§25‑9‑333.  Priority of certain liens arising by operation of law.

(a)        "Possessorylien." – In this section, "possessory lien" means an interest,other than a security interest or an agricultural lien:

(1)        Which securespayment or performance of an obligation for services or materials furnishedwith respect to goods by a person in the ordinary course of the person'sbusiness;

(2)        Which is created bystatute or rule of law in favor of the person; and

(3)        Whose effectivenessdepends on the person's possession of the goods.

(b)        Priority ofpossessory lien. – A possessory lien on goods has priority over a securityinterest in the goods unless the lien is created by a statute that expresslyprovides otherwise. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)