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2020 South Dakota Codified Laws
Title 57A - Uniform Commercial Code
Chapter 02A - Leases
Section 57A-2A-307 - Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.
Universal Citation: SD Codified L § 57A-2A-307 (2020)
57A-2A-307. Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.
(1)Except as otherwise provided in §57A-2A-306, a creditor of a lessee takes subject to the lease contract.
(2)Except as otherwise provided in subsection (3) of this section and in §§57A-2A-306 and 57A-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.
(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.
Source: SL 1989, ch 419, §1; SL 1990, ch 390, §10; SL 2000, ch 231, §9.
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