N.Y. Uniform Commercial Code Law Section 9-333
Priority of Certain Liens Arising by Operation of Law


Section 9--333. Priority of Certain Liens Arising by Operation of Law.

(a)

“Possessory lien.” 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 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 statute or rule 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.

Source: Section 9-333 — Priority of Certain Liens Arising by Operation of Law, https://www.­nysenate.­gov/legislation/laws/UCC/9-333 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 9-333’s source at nysenate​.gov

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