Arizona Laws 47-9333. Priority of certain liens arising by operation of law
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A. In this section, "possessory lien" means an interest, other than a security interest or an agricultural lien:
Terms Used In Arizona Laws 47-9333
- Goods: means all things that are movable when a security interest attaches. See Arizona Laws 47-9102
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
- Statute: A law passed by a legislature.
1. That 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. That 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.