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North Dakota · Through 2026-07-31T11:12:02 · Newer source version available

N.D. Cent. Code § 41-09-53: (9-333) Priority of certain liens arising by operation of law

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Where this section sits in the code
  1. Title 41 Uniform Commercial Code
  2. Chapter 41-09 Secured Transactions

1.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.

Collected 2026-09-02T21:04:14Z. Source file · JSON

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