Statutory lien arises solely by statute on specified conditions and excludes liens created by private security agreements. A statutory lien arises solely by force of statute upon specified circumstances or conditions and excludes any lien provided by or dependent upon an ... Summary
Statutory lien arises solely by statute on specified conditions and excludes liens created by private security agreements.
A statutory lien arises solely by force of statute upon specified circumstances or conditions and excludes any lien provided by or dependent upon an agreement to give security, even if the statute also recognises or renders the agreement effective; the focus is the statutory origin and the distinction from contractual security liens.
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