11-2A-307 (2019)
Priority of liens arising by attachment or levy on, security interests in, and other claims to goods
(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.
Annotations
The 2001 amendment, effective July 1, 2001, rewrote this section.
RESEARCH REFERENCES
U.L.A. - Uniform Commercial Code (U.L.A.) § 2A-307.