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

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.