Statutes > New York Statutes > UCC - Uniform Commercial Code > Article 2-A - LEASES > Part 3 - (2-A-301 - 2-A-311) EFFECT OF LEASE CONTRACT > 2-A-307 - Priority of Liens Arising by Attachment or Levy on, Security Interests in, and Other Claims to Goods.

2-A-307 - Priority of Liens Arising by Attachment or Levy on, Security Interests in, and Other Claims to Goods.

Section 2-A-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 2-A-306, a creditor  of  a  lessee takes subject to the lease contract.    (2)  Except  as  otherwise  provided in subsection (3) and in Sections  2-A-306 and 2-A-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.