Montana Code 30-9A-333. Priority of certain liens arising by operation of law
30-9A-333. Priority of certain liens arising by operation of law. (1) In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien:
Terms Used In Montana Code 30-9A-333
- Goods: means all things that are movable when a security interest attaches. See Montana Code 30-9A-102
- 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 or other entity as well as a natural person. See Montana Code 1-1-201
- Statute: A law passed by a legislature.
(a)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;
(b)that is created by statute or rule of law in favor of the person; and
(c)whose effectiveness depends on the person’s 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.