(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.
History
1964, c. 219, § 8.9-310; 2000, c. 1007.
