South Dakota § 57A-2A-307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

South Dakota Statutes

§ 57A-2A-307 — Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A LEASES

(1)Except as otherwise provided in § 57A-2A-306 , a creditor of a lessee takes subject to the lease contract.

(2)Except as otherwise provided in subsection (3) of this section and in §§ 57A-2A-306 and 57A-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.

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(1) Except as otherwise provided in § 57A-2A-306 , a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in subsection (3) of this section and in §§ 57A-2A-306 and 57A-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.

South Dakota § 57A-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.