Texas Business & Commerce Code

§ 9.333 — PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF LAW

BC § 9.333Title 1. UNIFORM COMMERCIAL CODE · Ch. 9. SECURED TRANSACTIONS · Art. C. PERFECTION AND PRIORITY

Statute text

(a)In this section, "possessory lien" means an interest, other than a security interest or an agricultural lien:

(1)that 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)that 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.

Legislative history

Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.