LegalFix
Sign In

Section 34.1-9-333 - Priority of Certain Liens Arising by Operation of Law.

WY Stat § 34.1-9-333 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

34.1-9-333. Priority of certain liens arising by operation of law.

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

(i) 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;

(ii) Which is created by statute or rule of law in favor of the person; and

(iii) 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.

Previous Section
Section 34.1-9-332 - Transfer of Money; Transfer of Funds From Deposit Account.
Next Section
Section 34.1-9-334 - Priority of Security Interests in Fixtures and Crops.