Statutes > Wisconsin Statutes > Chapter 411. Uniform commercial code--leases. > 411.307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

411.307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

411.307

411.307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

411.307(1)

(1) Except as provided in s. 411.306, a creditor of a lessee takes subject to the lease contract.

411.307(2)

(2) Except as provided in sub. (3) and ss. 411.306 and 411.308, 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.

411.307(3)

(3) Except as otherwise provided in ss. 409.317, 409.321, and 409.323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

411.307 - ANNOT.

History: 1991 a. 148; 2001 a. 10.