New Mexico § 55-9-333 Priority of certain liens arising by operation of law

New Mexico Statutes

§ 55-9-333 — Priority of certain liens arising by operation of law

New Mexico·Ch. 55 Uniform Commercial Code·Art. 9 Secured Transactions

(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.

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