Priority of Liens Arising by Attachment or Levy On, Security Interests In, and Other Claims to Goods

Checkout our iOS App for a better way to browser and research.

Section 2A-307. (1) Except as otherwise provided in Section 2A-306, a creditor of a lessee takes subject to the lease contract.

(2) Except as otherwise provided in subsection (3) and in Sections 2A-306 and 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) Except as otherwise provided in Sections 9-317, 9-321, and 9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.


Download our app to see the most-to-date content.