(810 ILCS 5/9-333)
Sec. 9-333.
Priority of certain liens arising by operation of law.
(a) "Possessory lien." In this Section, "possessory lien" means an
interest, other than a security interest or an agricultural lien:
(1) which secures payment or performance of an |
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(2) which is created by statute or rule of law in
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(3) whose effectiveness depends on the person's
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(b) Priority of possessory lien. 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.
(Source: P.A. 91-893, eff. 7-1-01.)
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