Legal Dictionary of Pakistan

statutory lien

1. A lien arising solely by force of statute, not by agreement of the parties. ( Examples are federal tax liens and mechanic's liens. 2. Bankruptcy. Either of two types of liens: (1) a lien arising solely by force of a statute on specified circumstances or conditions, or (2) a lien of distress for rent, whether or not statutory. ( For bankruptcy purposes, a statutory lien does not include a security interest or judicial lien, whether or not the interest or lien arises from or is made effective by a statute.