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Iowa Code § 554.9333

Priority of certain liens arising by operation of law

Known as the Uniform Commercial Code

The act spans §§ 554–554 (631 sections).

2000 Acts, ch 1149, §53, 187

1. Possessory lien. In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien:

a. 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;

b. which is created by statute or rule of law in favor of the person; and

c. whose effectiveness depends on the person’s possession of the goods.

2. 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.

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.