Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 26-1-9-1-333 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 26 - Commercial Law/
  5. Article 1 - Uniform Commercial Code/
  6. Chapter 9.1 - Secured Transactions26-1-9.1-101. Short Title/
  7. § 26-1-9-1-333
Indiana Legal Code

§ 26-1-9-1-333

Ask AI about this
(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.As added by P.L.57-2000, SEC.45.