Current as of January 01, 2019 | Updated by FindLaw Staff
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(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 if the lien is created by a statute that expressly so provides.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 4. Uniform Commercial Code § 4-9-333. Priority of certain liens arising by operation of law - last updated January 01, 2019 | https://codes.findlaw.com/co/title-4-uniform-commercial-code/co-rev-st-sect-4-9-333/
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