2016 Kentucky Revised Statutes
CHAPTER 355 - UNIFORM COMMERCIAL CODE
Article 2A - Leases
355.2A-307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

Download as PDF 355.2A-307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods. (1) (2) (3) Except as otherwise provided in KRS 355.2A-306, a creditor of a lessee takes subject to the lease contract. Except as otherwise provided in subsection (3) of this section and in KRS 355.2A306 and 355.2A-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. Except as otherwise provided in KRS 355.9-317, 355.9-321, and 355.9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. Effective: July 1, 2001 History: Amended 2000 Ky. Acts ch. 408, sec. 165, effective July 1, 2001. -- Amended 1992 Ky. Acts ch. 116, sec. 6, effective January 1, 1993 -- Created 1990 Ky. Acts ch. 363, sec. 37, effective January 1, 1991.