Arkansas § 4-2a-307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods

Arkansas Statutes

§ 4-2a-307 — Priority of liens arising by attachment or levy on, security interests in, and other claims to goods

(1)Except as otherwise provided in § 4-2A-306 , a creditor of a lessee takes subject to the lease contract.

(2)Except as otherwise provided in subsection (3) and in §§ 4-2A-306 and 4-2A-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 §§ 4-9-317 , 4-9-321 , and 4-9-323 , a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

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(1) Except as otherwise provided in § 4-2A-306 , a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in subsection (3) and in §§ 4-2A-306 and 4-2A-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 §§ 4-9-317 , 4-9-321 , and 4-9-323 , a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

Arkansas § 4-2a-307 (Priority of liens arising by attachment or levy on, security interests in, and other claims to goods) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.