400.2A-307. Priority of liens arising by attachment or levy on--security interest in--and other claims to goods. - Missouri Statutes

Priority of liens arising by attachment or levy on--security interestin--and other claims to goods.

400.2A-307. (1) Except as otherwise provided in section 400.2A-306,a creditor of a lessee takes subject to the lease contract.

(2) Except as otherwise provided in subsection (3) and in sections400.2A-306 and 400.2A-308, a creditor of a lessor takes subject to thelease contract unless the creditor holds a lien that attached to the goodsbefore the lease contract became enforceable.

(3) Except as otherwise provided in sections 400.9-317, 400.9-321 and400.9-323, a lessee takes a leasehold interest subject to a securityinterest held by a creditor of the lessor.

(L. 1992 S.B. 448, A.L. 2001 S.B. 288)

Effective 7-01-01