400.9-333. Priority of certain liens arising by operation of law. - Missouri Statutes

Priority of certain liens arising by operation of law.

400.9-333. (a) In this section, "possessory lien" means an interest,other than a security interest or an agricultural lien:

(1) Which secures payment or performance of an obligation forservices or materials furnished with respect to goods by a person in theordinary course of the person's business;

(2) Which is created by statute or rule of law in favor of theperson; and

(3) Whose effectiveness depends on the person's possession of thegoods.

(b) A possessory lien on goods has priority over a security interestin the goods unless the lien is created by a statute that expresslyprovides otherwise.

(L. 2001 S.B. 288)

Effective 7-01-01