Warehouseman's Lien Law and Legal Definition
Warehouseman's Lien is a security interest that may be acquired in property by someone who provides storage services for that property. The failure to pay for services as agreed may allow the lien holder to keep possession of the property involved.
"If a warehouseman sells the goods pursuant to a lien, he must return, on demand, any proceeds from the sale in excess of the value of his lien, to the person who would have been entitled to delivery of the goods, but for the lien."[Church v. Richfer Corp., 618 S.W.2d 29, 31 & n.3 (Mo. 1981)]
