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E Lien Written by: Kevin C. Driscoll Jr. Barnes & Thornburg LLP; Chicago kevin.driscoll btlaw.com I magine the following scenario: Customer stores goods with a warehouseman. While the goods are in the possession of the warehouseman, the customer goes out of business. The warehouseman, unpaid, attempts to sell the goods to pay its unpaid storage charges, but finds that the customer s secured lender claims a superior interest in the goods by virtue of a security interest properly perfected bef.
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