There is a newer version
of
the New York Laws
2019 New York Laws
UCC - Uniform Commercial Code
Article 2-A - Leases
Part 3 - Effect of Lease Contract
2-A-307 - Priority of Liens Arising by Attachment or Levy On, Security Interests In, and Other Claims to Goods.
Universal Citation: NY UCC § 2-A-307 (2019)
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.
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