Section 9--333. Priority of Certain Liens Arising by Operation of Law.\n (a) "Possessory lien." In this section, "possessory lien" means an\ninterest, other than a security interest or an agricultural lien:\n (1) which secures payment or performance of an obligation for\n services or materials furnished with respect to goods by a\n person in the ordinary course of the person's business;\n (2) which is created by statute or rule of law in favor of the\n person; and\n (3) whose effectiveness depends on the person's possession of the\n goods.\n (b) Priority of possessory lien. A possessory lien on goods has\npriority over a security interest in the goods unless the lien is\ncreated by a statute that expressly provides otherwise.\n
N.Y. U.C.C. 9-333
Priority of Certain Liens Arising by Operation of Law
Known as the Uniform Commercial Code
The act spans §§ 1–12 (253 sections).
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.