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

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

30-2A-307. Priority of liens arising by attachment or levy on, security interests in, and other claims to goods. (1) Except as otherwise provided in 30-2A-306, a creditor of a lessee takes subject to the lease contract.

(2) Except as otherwise provided in 30-2A-306, 30-2A-308, and subsection (3) of this section, 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 30-9A-317, 30-9A-321, and 30-9A-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

History: En. Sec. 43, Ch. 410, L. 1991; amd. Sec. 139, Ch. 305, L. 1999.

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