70A-2a-301. Enforceability of lease contract. Except as otherwise provided in this chapter, 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. Enacted by Chapter 197, 1990 General Session
70A-2a-302. Title to and possession of goods. Except as otherwise provided in this chapter, each provision of this chapter 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 statute or rule of law that […]
70A-2a-303. Transfer of party’s interest under lease contract or of lessor’s residual interest in goods — Transfer as event of default — Creation or enforcement of security interest — Transfer of right to damages for default. (1) As used in this section, “creation of a security interest” includes the sale of a lease contract subject […]
70A-2a-304. Subsequent lease of goods by lessor. (1) Subject to Section 70A-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, and except as provided in Subsection […]
70A-2a-305. Sale or sublease of goods by lessee. (1) Subject to the provisions of Section 70A-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 had power to transfer, and except […]
70A-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 of law for those materials or […]
70A-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 70A-2a-306, a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in Subsection (3) and in Sections 70A-2a-306 and 70A-2a-308, a creditor of a […]
Effective 5/9/2017 70A-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 or voids the lease contract under any statute or rule of law, but […]
70A-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 of a mortgage on the real […]
70A-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 the whole except as stated in […]
70A-2a-311. Priority subject to subordination. Nothing in this chapter prevents subordination by agreement by any person entitled to priority. Enacted by Chapter 237, 1993 General Session
