KRS 355.9-333

Priority of certain liens arising by operation of law

Known as the Uniform Commercial Code

The act spans §§ 355.10-101 to 355.9-809 (686 sections).

Applied in 1 court decision — leading case Scherer v. Quality Communications, Inc. (In Re Quality Communications, Inc.) (2006)

Most recently applied in Scherer v. Quality Communications, Inc. (In Re Quality Communications, Inc.) (August 2006)

Effective: July 1, 2001 History: Created 2000 Ky

(1) 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) 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: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.