Priority of certain liens arising by operation of law

810 ILCS 5/9-333, under Priority.

810 ILCS 5/9-333

(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     obligation for services or materials furnished with respect to goods by a person in the ordinary course of the person's business;

        (2) which is created by statute or rule of law in     favor of the person; and

        (3) whose effectiveness depends on the person's     possession of the goods.     (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.)