Liens (Referred to in Canada as the "Criminal Rate of Interest")
Statutes
Repairer’s lien
3 (1) In the absence of a written agreement to the contrary, a repairer has a lien against an article that the repairer has repaired for an amount equal to one of the following, and the repairer may retain possession of the article until the amount is paid:
- The amount that the person who requested the repair agreed to pay.
- Where no such amount has been agreed upon, the fair value of the repair, determined in accordance with any applicable regulations.
- Where only part of a repair is completed, the fair value of the part completed, determined in accordance with any applicable regulations. 2014, c. 9, Sched. 4, s. 2 (1).
Storer’s lien
4 (1) Subject to subsection (2), a storer has a lien against an article thatthe storer has stored or stored and repaired for an amount equal to one of the following, and the storer may retain possession of the article until the amount is paid:
- The amount agreed upon for the storage or storage and repair of the article.
- Where no such amount has been agreed upon, the fair value of the storage or storage and repair, determined in accordance with any applicable regulations.
- Where only part of a repair is completed, the fair value of the storage and the part of the repair completed, determined in accordance with any applicable regulations. 2014, c. 9, Sched. 4, s. 3 (1).
…6 A lien under this Part has priority over the interests of all other persons in the article. R.S.O. 1990, c. R.25, s. 6.
Non-possessory lien
7 (1) A lien claimant who is entitled to a lien under Part I (Possessory Liens) against an article, and who gives up possession of the article without having been paid the full amount of the lien to which the lien claimant is entitled under Part I, has, in place of the possessory lien, a non-possessory lien against the article for the amount of the lien claimed under Part I that remains unpaid.
When lien arises
(2) A non-possessory lien arises and takes effect when the lien claimant gives up possession of the article.
Priority
(3) A non-possessory lien has priority over the interest in the article of any other person other than a lien claimant who is claiming a lien under Part I, and, where more than one non-possessory lien is claimed in the same article, priority shall be determined according to the same rules of priority as govern the distribution of proceeds under section 16. R.S.O. 1990, c. R.25, s. 7.
Cases
Comments
Contributors
The statutory information was edited and reviewed with the support of MultiState