Louisiana Revised Statutes 10:9-333 – Priority of certain liens arising by operation of law
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Terms Used In Louisiana Revised Statutes 10:9-333
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- Statute: A law passed by a legislature.
(a) “Possessory lien.” In this section, “possessory lien” means a lien other than 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 operation 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.
Acts 2001, No. 128, §1, eff. July 1, 2001.