Section 382-A:2A-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 2A-306, a creditor of a lessee takes subject to the lease contract.
   (2) Except as otherwise provided in subsection (3) and in Sections 2A-306 and 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 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.

Source. 1993, 345:1, eff. Jan. 1, 1994. 2001, 102:13, eff. July 1, 2001.