41-02.1-37. (2A-307) Priority of liens arising by attachment or levy on, security
97 words·~1 min read·
/nd/title-41/chapter-41-02-1-leases/41-02-1-37·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
interests in, and other claims to goods.
1. Except as otherwise provided in section 41-02.1-36, a creditor of a lessee takes
subject to the lease contract.
2. Except as otherwise provided in subsection 3 and in sections 41-02.1-36 and
41-02.1-38, 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 41-09-37, 41-09-41, and 41-09-43, a lessee
takes a leasehold interest subject to a security interest held by a creditor of the lessor.