In the case of a possessory lien, the right is purely passive.
2.
A Shipowner s Lien is a possessory lien which is the major difference between it and other maritime liens.
3.
Under the Sale of Goods Act 1979 s . 41, the seller is entitled to exercise a possessory lien over the vessel until payment by the buyer.
4.
In the case of serviceable vehicles, the towing company may offer this documentation in a packet known as the possessory lien papers, which can be used to obtain a new title.
5.
In the case of a possessory lien, the secured party ( the " lienor " ) has no right to sell the assets-merely a right to refuse to return them until paid.
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