Priority of liens arising by attachment or levy on, security interests in, and other claims to goods

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Uniform Commercial Code
  5. Leases
  6. Effect of Lease Contract
  7. Priority of liens arising by attachment or levy on, security interests in, and other claims to goods

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  1. (1) Except as otherwise provided in § 4-2A-306, a creditor of a lessee takes subject to the lease contract.

  2. (2) Except as otherwise provided in subsection (3) and in §§ 4-2A-306 and 4-2A-308, a creditor of a lessor takes subject to the lease contract unless the creditor holds a lien that attached to the goods before the lease contract became enforceable.

  3. (3) Except as otherwise provided in §§ 4-9-317, 4-9-321, and 4-9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.


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