Possessory lien definition

Possessory lien means a lien on a personal property that is valid only while the property is in the possession of the person asserting the lien or an agent of the person.
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Possessory lien means a lien dependent upon possession for com-
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Possessory lien means the right to maintain possession of a vehicle and motor vehicle registration plates against all claims of the owner and/or security lien or until all charges are paid for recovery, towing, and storage in accordance with the certificated towers tariff.
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Examples of Possessory lien in a sentence

  • Possessory lien over aircraft may be established as legal possessory lien (on the basis of the law), contractual possessory lien (on the basis of legal action) and court possessory lien (on the basis of court decision).

  • Possessory lien: This type of mortgage can refer to the appurtenance or to the property and is a contract whereby the debtor leaves a property in the hands of their creditor, or another agreed-on person by both parties.

  • The City of Panama City holds a Possessory lien on the vessel pursuant to Florida law, including Chapter 328, Florida Statutes.

  • Removal and impoundment of vehicles -- Reporting and notification requirements -- Administrative impound fee -- Refunds -- Possessory lien -- Rulemaking.

  • Possessory lien Generated pursuant to sections 4421 to 4426, and as will satisfy the unpaid judgment plus interest and costs.

  • Possessory lien The right for a possessory lien (retentierecht) is a statutory remedy that is available to certain types of creditors allowing such creditors to refuse to surrender possession of goods as long as the debtor has failed to pay the debt he owes to such creditor.

  • Panama City Marina holds a Possessory lien on the vessel pursuant to Florida law, including Section 328 Florida Statutes.


More Definitions of Possessory lien

Possessory lien means the right to retain possession of a vehicle and motor vehicle
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Possessory lien means a lien dependent upon possession for com- pensation to which a person is legally entitled for making repairs or per- forming labor upon, and furnishing supplies or materials for, and for the towing, storage, repair, or safekeeping of, any vehicle of a type subject to registration.
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Possessory lien means a Right of the Person securing payment for services provided in the ordinary course of business that exists as long as the person remains in possession of the goods ;
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Possessory lien means an interest, other than a security interest or an agricultural lien:
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Related to Possessory lien

  • Lien means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction.

  • Permitted Encumbrances means:

  • Lienholder means a person with a security interest in particular property.

  • Security Interest means any mortgage, charge, pledge, lien or other security interest including, without limitation, anything analogous to any of the foregoing under the laws of any jurisdiction;

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Personal Property means all machinery, equipment, furniture, furnishings, movable walls or partitions, computers (and all associated software), trade fixtures and other personal property (but excluding consumable inventory and supplies owned by Tenant) used in connection with the Leased Property, together with all replacements and alterations thereof and additions thereto, except items, if any, included within the definition of Fixtures or Improvements.