Or. Rev. Stat. § 79A.3330 – UCC 9-333. Priority of certain liens arising by operation of law | Midpage
§ 79A.3330
Or. Rev. Stat. § 79A.3330
UCC 9-333. Priority of certain liens arising by operation of law
[Formerly 79.0333]
(1) As used in this section, “possessory lien” means an interest, other than a security interest or an agricultural lien:
(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 the person’s business;
(b) Which 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.