N.Y. Uniform Commercial Code Law Section 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.

Source: Section 2-A-307 — Priority of Liens Arising by Attachment or Levy on, Security Interests in, and Other Claims to Goods, https://www.­nysenate.­gov/legislation/laws/UCC/2-A-307 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 2-A-307’s source at nysenate​.gov

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