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

  1. Law
  2. Code of Virginia
  3. Commercial Code - Leases
  4. Sections
  5. Priority of liens arising by attachment or levy on, security interests in, and other claims to goods

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(1) Except as otherwise provided in § 8.2A-306, a creditor of a lessee takes subject to the lease contract.

(2) Except as otherwise provided in subsection (3) of this section and in §§ 8.2A-306 and 8.2A-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 §§ 8.9A-317, 8.9A-321, and 8.9A-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

1991, c. 536; 2000, c. 1007.


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