Section 355.9-333 - Priority of certain liens arising by operation of law(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.Effective:7/1/2001
Created 2000, Ky. Acts ch. 408, sec. 73, effective7/1/2001.