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

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§2-1307. Priority of liens arising by attachment or levy on, security interests in and other claims to goods

(1).  Except as otherwise provided in section 2-1306, a creditor of a lessee takes subject to the lease contract.  

[PL 1999, c. 699, Pt. B, §15 (RPR); PL 1999, c. 699, Pt. B, §28 (AFF).]

(2).  Except as otherwise provided in subsection (3) and in sections 2-1306 and 2-1308, 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.  

(a).   [PL 1999, c. 699, Pt. B, §15 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]

(b).   [PL 1999, c. 699, Pt. B, §15 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]

(c).   [PL 1999, c. 699, Pt. B, §15 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]

[PL 1999, c. 699, Pt. B, §15 (RPR); PL 1999, c. 699, Pt. B, §28 (AFF).]

(3). 

[PL 1999, c. 699, Pt. B, §15 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]

(4). 

[PL 1999, c. 699, Pt. B, §15 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]

(5).  Except as otherwise provided in section 9-1317, 9-1321 and 9-1323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.  

[PL 1999, c. 699, Pt. B, §15 (NEW); PL 1999, c. 699, Pt. B, §28 (AFF).]

SECTION HISTORY

PL 1991, c. 805, §4 (NEW). PL 1999, c. 699, §B15 (RPR). PL 1999, c. 699, §B28 (AFF).


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