(a) 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) A possessory lien on goods has priority over a security interest in the goods if the lien is created by a statute that expressly so provides.
C.R.S. § 4-9-333
Priority of certain liens arising by operation of law
Known as the Uniform Commercial Code
The act spans §§ 4–4 (633 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.