Full question:
What does a possessory lien mean for a printer, is it like a mechanic's lien?
- Category: Automobiles
- Subcategory: Mechanics Lien
- Date:
- State: Minnesota
Answer:
A possessory lien is different from a mechanic's lien. A mechanic's lien can be claimed by someone who has performed work on a property but may not have possession of it, like a carpenter working on a house. In contrast, a possessory lien allows the printer to keep the printed materials until they receive payment. This means the printer retains possession of the items as security for the payment owed.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.