PocketLaw | US Virgin Islands Code | Effect of Lease Contract

Effect of Lease Contract

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Enforceability of lease contract

Title to and possession of goods

Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights

Subsequent lease of goods by lessor

Sale or sublease of goods by lessee

Priority of certain liens arising by operation of law

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

Special rights of creditors

Lessor's and lessee's rights when goods become fixtures

Lessor's and lessee's rights when goods become accessions

Priority subject to subordination