Sec. 2A-307. Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.
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/il/chapter-810/act-5/2a-307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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, a creditor of a lessee takes subject to the lease contract.
(2)Except as otherwise provided in subsection
(3)and in Sections 2A-306 and 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.