Montana § 30-9A-333 Priority Of Certain Liens Arising By Operation Of Law

Montana Statutes

§ 30-9A-333 — Priority Of Certain Liens Arising By Operation Of Law

Montana·Title 30 TRADE AND COMMERCE·Ch. 9A UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS·Part 3 Perfection and Priority

30-9A-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)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;

(b)that 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.

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30-9A-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) 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;
(b) that 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.

Montana § 30-9A-333 (Priority Of Certain Liens Arising By Operation Of Law) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.