Sec. 307. (1) Except as otherwise provided in IC 26-1-2.1-306 , a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in subsection (3) and in IC 26-1-2.1-306 and IC 26-1-2.1-308 , 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 IC 26-1-9.1-317 , IC 26-1-9.1-321 , and IC 26-1-9.1-323 , a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
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