Massachusetts General Laws ch. 106 sec. 9-333 – Priority of Certain Liens Arising by Operation of Law
Current as of: 2023 | Check for updates
|
Other versions
Section 9–333. (a) ”Possessory lien.” In this section, ”possessory lien” means an interest, other than a security interest or an agricultural lien:
Terms Used In Massachusetts General Laws ch. 106 sec. 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.
- Statute: A law passed by a legislature.
(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.