Statutory Lien
/ˈstætʃuˌtɔːri liːn/
Definitions
- (n.) A lien created by statute that grants a creditor a legal right to retain possession of property until a debt or obligation is satisfied.
The mechanic asserted a statutory lien over the car until the repair bill was paid.
Forms
- statutory liens
Related terms
See also
Commentary
Statutory liens differ from consensual liens in that they arise by operation of law rather than agreement; drafters should specify the governing statute to clarify lien scope and priority.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.