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§ 45-29-333 — Alaska Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alaska/
  4. Title 45 - Trade and Commerce/
  5. Chapter 29 - Secured Transactions/
  6. Article 3 - Perfection and Priority.sec. 45.29.301. Law Governing Perfection and Priority of Security Interests/
  7. § 45-29-333
Alaska Legal Code

§ 45-29-333

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(a) In this section, 'possessory lien' means an interest, other than a security interest or an agricultural lien, (1) 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; (2) that 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) 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.