6286 AMH CL MADS 1

SB 6286 ‑ H COMM AMD ADOPTED 2-28-96

By Committee on Commerce & Labor

     On page 3, line 3, after "paid." insert "This lien does not have priority over any security interest in the die, mold, form, or pattern that is perfected at the time the fabricator acquires the lien."

     On page 3, line 34, after "paid to" strike "previous" and insert "subsequent"

EFFECT:  Clarifies that the possessory lien created in the die, mold, form or pattern does not have priority over a security interest that is perfected when the possessory lien right attaches to the mold.