Nevada Revised Statutes 104.9333 – Priority of certain possessory liens arising by operation of law
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1. In this section, ‘possessory lien‘ means an interest, other than a security interest or an agricultural lien:
Terms Used In Nevada Revised Statutes 104.9333
- 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: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Statute: A law passed by a legislature.
(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.