554.13307  Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

1.  Except as otherwise provided in section 554.13306, a creditor of a lessee takes subject to the lease contract.

2.  Except as otherwise provided in subsection 3 and in sections 554.13306 and 554.13308, 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 554.9317, 554.9321, and 554.9323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

Section History: Recent form

  94 Acts, ch 1052, §41; 2000 Acts, ch 1149, §158, 187

Footnotes

  2000 amendments to this section are effective July 1, 2001; 2000 Acts, ch 1149, §187

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