4-9-333. Priority of certain liens arising by operation of law.

Arkansas Code — all titles (historical 2020) · legal_authorities

4-9-333. Priority of certain liens arising by operation of law.

4-9-333. Priority of certain liens arising by operation of law. (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 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) 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: Arkansas Code — historical release 78 (November 6, 2020) · 4-9-333

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.