North Dakota § 41-09-53 (9-333) Priority of certain liens arising by operation of law

North Dakota Statutes

§ 41-09-53 — (9-333) Priority of certain liens arising by operation of law

North Dakota § 41-09-53

Title 41Uniform Commercial Code

Ch. 41-09Secured Transactions

This text of North Dakota § 41-09-53 ((9-333) Priority of certain liens arising by operation of law) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-09-53 (2026).

Text

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

a.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;

b.Which 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.

Free access — add to your briefcase to read the full text and ask questions with AI

1. In this section, "possessory lien" means an interest, other than a security interest or an
agricultural lien:
a. 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;
b. Which 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.