Legislation
SECTION 2-A-307
Priority of Liens Arising by Attachment or Levy on, Security Interests in, and Other Claims to Goods
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 2-A, PART 3
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.
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.