United States — Louisiana Act or statute

United States — Louisiana legislation

RS 10:9-333

Defines “possessory lien” and says it generally has priority over a security interest in the goods unless another statute says otherwise.

goodslien prioritypossession

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“Defines “possessory lien” and says it generally has priority over a security interest in the goods unless another statute says otherwise.”

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RS 10:9-333

Defines “possessory lien” and says it generally has priority over a security interest in the goods unless another statute says otherwise.

Section 10:9-333

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Source record from legis.la.gov · Undated source snapshot

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§ 10:9-333RS 10:9-333Provision

Defines “possessory lien” and says it generally has priority over a security interest in the goods unless another statute says otherwise.

§9-333. Priority of certain liens arising by operation of law (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.
Section 10:9-333Verify source

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