411.304 Subsequent lease of goods by lessor.
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/wi/chapter-411/411-304A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
411.304 Subsequent lease of goods by lessor.
(a)Subject to s. 411.303 , a subsequent lessee from a lessor of goods under an existing lease contract obtains, to the extent of the leasehold interest transferred, the leasehold interest in the goods that the lessor had or had power to transfer, and except as provided in sub.
(2)and s. 411.527
(4), takes subject to the existing lease contract.
(b)A lessor with voidable title has power to transfer a good leasehold interest to a good faith subsequent lessee for value, but only to the extent set forth in par.
(a).
(c)If goods have been delivered under a transaction of purchase, the lessor has that power even if any of the following occurs: