LegalFix
Sign In

Section 1309.333 - Priority of certain liens arising by operation of law - UCC 9-333.

Ohio Rev Code § 1309.333 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(A) As used 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.

Effective Date: 07-01-2001 .

Previous Section
Section 1309.332 - Transfer of money - transfer of funds from deposit account - UCC 9-332.
Next Section
Section 1309.334 - Priority of security interests in fixtures and crops - UCC 9-334.