New York § 2-A-307 Priority of Liens Arising by Attachment or Levy on, Security Interests in, and Other Claims to Goods

New York Statutes

§ 2-A-307 — Priority of Liens Arising by Attachment or Levy on, Security Interests in, and Other Claims to Goods

New York·Law UCC Uniform Commercial Code·Part 3 Effect of Lease Contract·Art. 2-A Leases

Section 2-A-307. Priority of Liens Arising by Attachment or Levy on,\n                   Security Interests in, and Other Claims to Goods.\n  (1) Except as otherwise provided in Section 2-A-306, a creditor of a\nlessee takes subject to the lease contract.\n  (2) Except as otherwise provided in subsection (3) and in Sections\n2-A-306 and 2-A-308, a creditor of a lessor takes subject to the lease\ncontract unless the creditor holds a lien that attached to the goods\nbefore the lease contract became enforceable.\n  (3) Except as otherwise provided in Sections 9--317, 9--321, and\n9--323, a lessee takes a leasehold interest subject to a security\ninterest held by a creditor of the lessor.\n

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Section 2-A-307. Priority of Liens Arising by Attachment or Levy on,\n Security Interests in, and Other Claims to Goods.\n (1) Except as otherwise provided in Section 2-A-306, a creditor of a\nlessee takes subject to the lease contract.\n (2) Except as otherwise provided in subsection (3) and in Sections\n2-A-306 and 2-A-308, a creditor of a lessor takes subject to the lease\ncontract unless the creditor holds a lien that attached to the goods\nbefore the lease contract became enforceable.\n (3) Except as otherwise provided in Sections 9--317, 9--321, and\n9--323, a lessee takes a leasehold interest subject to a security\ninterest held by a creditor of the lessor.\n

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