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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 9A : Uniform Commercial Code

Article 009 : Secured Transactions

(Cite as: 9A V.S.A. § 9-333)
  • § 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:

    (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 unless the lien is created by a statute that expressly provides otherwise. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)