Colorado § 4-9-333 Priority of certain liens arising by operation of law

Colorado Statutes

§ 4-9-333 — Priority of certain liens arising by operation of law

Colorado·Title 04 Uniform·Art. Secured Transactions

(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.

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(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.

Colorado § 4-9-333 (Priority of certain liens arising by operation of law) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.