O.C.G.A.

11-2A-307 (2019)

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

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(1) Except as otherwise provided in Code Section 11-2A-306, a creditor of a lessee takes subject to the lease contract.

(2) Except as otherwise provided in subsection (3) of this Code section and in Code Sections 11-2A-306 and 11-2A-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 Code Sections 11-9-317, 11-9321, and 11-9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

History

Code 1981, § 11-2A-307, enacted by Ga.

L. 1993, p. 633, § 1; Ga. L. 2001, p. 362, § 11.

Annotations

The 2001 amendment, effective July 1, 2001, rewrote this section.

RESEARCH REFERENCES

U.L.A. - Uniform Commercial Code (U.L.A.) § 2A-307.