Iowa Code § 554.9333
Priority of certain liens arising by operation of law
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2013
As of January 1, 2012
1. Possessory lien. In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien:
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;
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
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.
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.
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.