(1) POSSESSORY LIEN. 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) 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.
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