Section 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 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 70A-9a-317, 70A-9a-321, and 70A-9a-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

Amended by Chapter 252, 2000 General Session