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Iowa Code § 554.9333

Priority of certain liens arising by operation of law

Showing this section's text as in effect on January 1, 2012 (in force January 1, 2012 – January 1, 2013). View current text →

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.

Referred to in

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