New Jersey § 12A:2A-307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

New Jersey Statutes

§ 12A:2A-307 — Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

New Jersey § 12A:2A-307

Title 12ACOMMERCIAL TRANSACTIONS

This text of New Jersey § 12A:2A-307 (Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 12A:2A-307 (2026).

Text

12A: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 12A:2A-306, a creditor of a lessee takes subject to the lease contract.

(2)Except as otherwise provided in subsection (3) and in 12A:2A-306 and 12A: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 12A:9-317, 12A:9-321 and 12A:9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. L.1994, c.114, s.1; amended 2001, c.117, s.12; 2001, c.386, s.132.

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12A: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 12A:2A-306, a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in subsection (3) and in 12A:2A-306 and 12A: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 12A:9-317, 12A:9-321 and 12A:9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. L.1994, c.114, s.1; amended 2001, c.117, s.12; 2001, c.386, s.132.