Idaho § 28-9-333 PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF LAW

Idaho Statutes

§ 28-9-333 — PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF LAW

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 3. PERFECTION AND PRIORITY·Ch. 9 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 unless the lien is created by a statute that expressly provides otherwise.

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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 unless the lien is created by a statute that expressly provides otherwise.

Idaho § 28-9-333 (PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF LAW) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.