(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. History of Section.P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.
Rhode Island Legal Code