1309.333 Priority of certain liens arising by operation of law - UCC 9-333. - Ohio Statutes

1309.333 Priority of certain liens arising by operation of law - UCC 9-333.

(A) As used 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.

Effective Date: 07-01-2001