RS 10:9-333 Priority of certain liens arising by operation of law - Louisiana Statutes

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

(a)  "Possessory lien." In this section, "possessory lien" means  a lien other than an agricultural lien:

(1)  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;

(2)  which is created by operation  of law in favor of the person; and

(3)  whose effectiveness depends on the person's possession of the goods.

(b)  Priority of possessory lien.  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.

Acts 2001, No. 128, §1, eff. July 1, 2001.