(a) 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) 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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 9 - Secured Transactions
Part 3 - Perfection and Priority
§ 4-9-317. Interests that take priority over or take free of security interest or agricultural lien
§ 4-9-319. Rights and title of consignee with respect to creditors and purchasers
§ 4-9-321. Licensee of general intangible and lessee of goods in ordinary course of business
§ 4-9-324. Priority of purchase-money security interests
§ 4-9-325. Priority of security interests in transferred collateral
§ 4-9-326. Priority of security interests created by new debtor
§ 4-9-327. Priority of security interests in deposit account
§ 4-9-328. Priority of security interests in investment property
§ 4-9-329. Priority of security interests in letter-of-credit right
§ 4-9-330. Priority of purchaser of chattel paper or instrument
§ 4-9-332. Transfer of money — Transfer of funds from deposit account
§ 4-9-333. Priority of certain liens arising by operation of law
§ 4-9-334. Priority of security interests in fixtures and crops
§ 4-9-337. Priority of security interests in goods covered by certificate of title