Indiana § 26-1-9.1-333 Priority of certain liens arising by operation of law

Indiana Statutes

§ 26-1-9.1-333 — Priority of certain liens arising by operation of law

Indiana § 26-1-9.1-333

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-333 (Priority of certain liens arising by operation of law) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-9.1-333 (2026).

Text

(a)In this section, "possessory lien" means an interest, other than a security interest or an agricultural lien:

(1)that 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)that 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) that 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) that 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.