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

  1. Law
  2. New York Laws
  3. Uniform Commercial Code
  4. Effect of Lease Contract
  5. 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 2-A-307. 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-A-306, a creditor of a lessee takes subject to the lease contract.

(2) Except as otherwise provided in subsection (3) and in Sections 2-A-306 and 2-A-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.