State Codes and Statutes
Statutes > Wisconsin > 409 > 409.333409.333
409.333 Priority of certain liens arising by operation of law.409.333(1)
(1) Possessory lien. In this section, "possessory lien" means an interest, other than a security interest or an agricultural lien:409.333(1)(a)
(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;409.333(1)(b)
(b) Which is created by statute or rule of law in favor of the person; and409.333(1)(c)
(c) Whose effectiveness depends on the person's possession of the goods.409.333(2)
(2) 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.409.333 - ANNOT.
History: 2001 a. 10.