Statutes > New Mexico Statutes > Chapter 55 - Uniform Commercial Code. > Article 2A - Leases, 55-2A-101 through 55-2A-532. > Section 55-2A-307 - Priority of liens arising by attachment or levy on, security interests in and other claims to goods.

Section 55-2A-307 - Priority of liens arising by attachment or levy on, security interests in and other claims to goods.

55-2A-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 55-2A-306 NMSA 1978, a creditor of a lessee takes subject to the lease contract.   

(2)     Except as otherwise provided in Subsection (3) of this section and in Sections 55-2A-306 and 55-2A-308 NMSA 1978, 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 55-9-317, 55-9-321 and 55-9-323 NMSA 1978, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.