2013 Vermont Statutes
Title 09A Uniform Commercial Code
Article 2A Leases
§ 307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods
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 section 2A-306 of this title, a creditor of a lessee takes subject to the lease contract.
(2) Except as otherwise provided in subsection (3) of this section and in sections 2A-306 and 2A-308 of this title, 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 of this title, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. (Added 1993, No. 158 (Adj. Sess.), 10, eff. Jan. 1, 1995; amended 1999, No. 106 (Adj. Sess.), 12, eff. July 1, 2001.)
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