N.J.S.A. 12A:9-333 — Priority of certain liens arising by operation of law.

12A:9-333 Priority of certain liens arising by operation of law. 12A:9-333. Priority of Certain Liens Arising by Operation of Law. (a) "Possessory lien." 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) 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. L.2001, c.117, s.1; amended 2001, c.386, s.49.

This is the verbatim text of N.J.S.A. 12A:9-333, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.