§ 6A-9-333 - Priority of certain liens arising by operation of law. - Rhode-island Statutes

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SECTION 6A-9-333

§ 6A-9-333 Priority of certain liensarising by operation of law. – (a) "Possessory lien." In this section, "possessory lien" means aninterest, other than a security interest or an agricultural lien:

(1) Which secures payment or performance of an obligation forservices or materials furnished with respect to goods by a person in theordinary course of the person's business;

(2) Which is created by statute or rule of law in favor ofthe person; and

(3) Whose effectiveness depends on the person's possession ofthe goods.

(b) Priority of possessory lien. A possessory lien ongoods has priority over a security interest in the goods unless the lien iscreated by a statute that expressly provides otherwise.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-333

SECTION 6A-9-333

§ 6A-9-333 Priority of certain liensarising by operation of law. – (a) "Possessory lien." In this section, "possessory lien" means aninterest, other than a security interest or an agricultural lien:

(1) Which secures payment or performance of an obligation forservices or materials furnished with respect to goods by a person in theordinary course of the person's business;

(2) Which is created by statute or rule of law in favor ofthe person; and

(3) Whose effectiveness depends on the person's possession ofthe goods.

(b) Priority of possessory lien. A possessory lien ongoods has priority over a security interest in the goods unless the lien iscreated by a statute that expressly provides otherwise.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-333

SECTION 6A-9-333

§ 6A-9-333 Priority of certain liensarising by operation of law. – (a) "Possessory lien." In this section, "possessory lien" means aninterest, other than a security interest or an agricultural lien:

(1) Which secures payment or performance of an obligation forservices or materials furnished with respect to goods by a person in theordinary course of the person's business;

(2) Which is created by statute or rule of law in favor ofthe person; and

(3) Whose effectiveness depends on the person's possession ofthe goods.

(b) Priority of possessory lien. A possessory lien ongoods has priority over a security interest in the goods unless the lien iscreated by a statute that expressly provides otherwise.