Md. Code, Commercial Law § 9-333

§9–333.

Year: 2026Length: 101 wordsSubsections: 2Official source
(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.
Md. Code, Commercial Law § 9-333: §9–333. | Justis AI