California Statutes
§ 9333. — 9333. (Added by Stats. 1999, Ch. 991, Sec. 35.)
California·Code COM Commercial Code - COM·Div. 9. DIVISION 9. SECURED TRANSACTIONS·Ch. 3. CHAPTER 3. Perfection and Priority
(a)In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien which satisfies all of the following conditions:
(1)It 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)It is created by statute or rule of law in favor of the person.
(3)Its 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 unless the lien is created by a statute that expressly provides otherwise.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 9333. (9333. (Added by Stats. 1999, Ch. 991, Sec. 35.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.