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§ 9.333 — Delaware Law | CourtGPT
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  6. Part 3 - Perfection and Priority§ 9-301. Law Governing Perfection and Priority of Security Interests/
  7. § 9.333
Delaware Legal Code

§ 9.333

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§§ 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.72 Del. Laws, c. 401, § 1;