NRS104.9333. Priority of certain possessory liens arising by operation of law.  


Latest version.
  •       1.  In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien:

          (a) 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 his or her business;

          (b) Which is created by statute or rule of law in his or her favor; and

          (c) Whose effectiveness depends on his or her possession of the goods.

          2.  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 to NRS by 1999, 319)