Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/7-2A-307.htm |
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Depth: | 0 singles |
Size: | 1,006 bytes |
Modified: | 2003-09-15 10:13:10 |
Categories: | -None- |
Title: | 7-2A-307 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 7-2A-307 Priority over lease contract. (1) Except as otherwise provided in Section 7-2A-306, a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in subsection (3) and in Sections 7-2A-306 and 7-2A-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 7-9A-317, 7-9A-321, and 7-9A-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. (Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §307; Act 2001-481, p. 647, §2.) |