Rs 10 9 333

RS 10:9-333 - Priority of certain liens arising by operation of law (a) 'Possessory lien.' In this section, 'possessory lien' means a lien other than 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 operation 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. Acts 2001, No. 128, §1, eff. July 1, 2001.