- (1) Except as otherwise provided in § 57A-2A-306, a creditor of a lessee takes subject to the lease contract.
- (2) Except as otherwise provided in subsection (3) of this section and in §§ 57A-2A-306 and 57A-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.
- (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: SL 1989, ch 419 , § 1; SL 1990, ch 390 , § 10; SL 2000, ch 231 , § 9.