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
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.