1. (a) In this section, possessory lien means an interest, other than a security interest or an agricultural lien:
2. (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;
3. (2) Which is created by statute or rule of law in favor of the person; and
4. (3) Whose effectiveness depends on the person's possession of the goods.
5. (b) A possessory lien on goods has priority over a security interest in the goods if the lien is created by a statute that expressly so provides.

Source: L. 2001: Entire article R&RE, p. 1366, § 1, effective July 1.

Editor's note: (1) This section is similar to former § 4-9-310 as it existed prior to 2001.

(2) Colorado legislative change: Colorado substituted the word if for unless and substituted the phrase so provides for provides otherwise in subsection (b).