2013 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 2-A: LEASES
11 §2-1307. Priority of liens arising by attachment or levy on, security interests in and other claims to goods
Part 3: EFFECT OF LEASE CONTRACT
2-1307. Priority of liens arising by attachment or levy on, security interests in and other claims to goods
(1). Except as otherwise provided in section 2-1306, a creditor of a lessee takes subject to the lease contract.
[ 1999, c. 699, Pt. B, 28 (AFF); 1999, c. 699, Pt. B, 15 (RPR) .]
(2). Except as otherwise provided in subsection (3) and in sections 2-1306 and 2-1308, 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.
[ 1999, c. 699, Pt. B, 28 (AFF); 1999, c. 699, Pt. B, 15 (RPR) .]
(5). Except as otherwise provided in section 9-1317, 9-1321 and 9-1323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
[ 1999, c. 699, Pt. B, 15 (NEW); 1999, c. 699, Pt. B, 28 (AFF) .]
SECTION HISTORY
1991, c. 805, 4 (NEW). 1999, c. 699, B28 (AFF). 1999, c. 699, B15 (RPR).
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