Colo. Rev. Stat. § 4-9-333

Current through 11/5/2024 election
Section 4-9-333 - Priority of certain liens arising by operation of law
(a) In this section, "possessory lien" means an interest, other than a security interest or an agricultural lien:
(1) 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;
(2) Which is created by statute or rule of law in favor of the person; and
(3) Whose effectiveness depends on the person's possession of the goods.
(b) A possessory lien on goods has priority over a security interest in the goods if the lien is created by a statute that expressly so provides.

C.R.S. § 4-9-333

L. 2001: Entire article R&RE, p. 1366, § 1, effective July 1.

(1) This section is similar to former § 4-9-310 as it existed prior to 2001.

(2) Colorado legislative change: Colorado substituted the word "if" for "unless" and substituted the phrase "so provides" for "provides otherwise" in subsection (b).