Effective – 28 Aug 1992 400.2A-301. Enforceability of lease contract. — Except as otherwise provided in this Article, a lease contract is effective and enforceable according to its terms between the parties, against purchasers of the goods and against creditors of the parties. ——– (L. 1992 S.B. 448)
Effective – 28 Aug 1992 400.2A-302. Title to and possession of goods. — Except as otherwise provided in this Article, each provision of this Article applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee, or a third party has possession of the goods, notwithstanding any […]
Effective – 01 Jul 2001 400.2A-303. Alienability of party’s interest under lease contract or of lessor’s residual interest in goods — delegation of performance — transfer of rights. — (1) As used in this section, “creation of a security interest” includes the sale of a lease contract that is subject to Article 9, Secured Transactions, […]
Effective – 28 Aug 1992 400.2A-304. Subsequent lease of goods by lessor. — (1) Subject to section 400.2A-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, […]
Effective – 28 Aug 1992 400.2A-305. Sale or sublease of goods by lessee. — (1) Subject to the provisions of section 400.2A-303, a buyer or sublessee from the lessee of goods under an existing lease contract obtains, to the extent of the interest transferred, the leasehold interest in the goods that the lessee had or […]
Effective – 28 Aug 1992 400.2A-306. Priority of certain liens arising by operation of law. — If a person in the ordinary course of his business furnishes services or materials with respect to goods subject to a lease contract, a lien upon those goods in the possession of that person given by statute or rule […]
Effective – 01 Jul 2001 400.2A-307. Priority of liens arising by attachment or levy on — security interest in — and other claims to goods. — (1) Except as otherwise provided in section 400.2A-306, a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in subsection (3) and in […]
Effective – 28 Aug 1992 400.2A-308. Special rights of creditors. — (1) A creditor of a lessor in possession of goods subject to a lease contract may treat the lease contract as void if as against the creditor retention of possession by the lessor is fraudulent under any statute or rule of law, but retention […]
Effective – 01 Jul 2001 400.2A-309. Lessor’s and lessee’s rights when goods become fixtures. — (1) In this section: (a) goods are “fixtures” when they become so related to particular real estate that an interest in them arises under real estate law; (b) a “fixture filing” is the filing, in the office where a record […]
Effective – 28 Aug 1992 400.2A-310. Lessor’s and lessee’s rights when goods become accessions. — (1) Goods are “accessions” when they are installed in or affixed to other goods. (2) The interest of a lessor or a lessee under a lease contract entered into before the goods became accessions is superior to all interests in […]
Effective – 28 Aug 1992 400.2A-311. Priority subject to subordination. — Nothing in this Article prevents subordination by agreement by any person entitled to priority. ——– (L. 1992 S.B. 448)
