Current through 2024 Legislative Session
Section 41-09-53 - (9-333) Priority of certain liens arising by operation of law1. In this section, "possessory lien" means an interest, other than a security interest or an agricultural lien: a. 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;b. Which is created by statute or rule of law in favor of the person; andc. Whose effectiveness depends on the person's possession of the goods.2. 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.