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 § 55-9-333

Ch. 55Uniform Commercial Code

Art. 9Secured Transactions

This text of New Mexico § 55-9-333 (Priority of certain liens arising by operation of law) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 55-9-333 (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.