As Amended
SEC. 75-2A-307. Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.
(1) Except as otherwise provided in Section 75-2A-306, a creditor of a lessee takes subject to the lease contract.
(2) Except as otherwise provided in subsection (3), * * * and in Sections 75-2A-306 and 75-2A-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.
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(3) Except as otherwise provided in Section 75-9-317, 75-9-321 and 75-9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
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SOURCES: Laws, 1994, ch. 445, § 1; Laws, 2001, ch. 495, § 13, SB 2626, eff from and after Jan. 1, 2002.
PREVIOUS VERSIONS: Pre-2001