Section 7-2A-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. (Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §301.)
Section 7-2A-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 statute or rule of law […]
Section 7-2A-303 Alienability of interests, transfer of rights, etc. (1) As used in this section, “creation of a security interest” includes the sale of a lease contract that is subject to Article 9A, Secured Transactions, by reason of Section 7-9A-109(a)(3). (2) Except as provided in subsection (3) and Section 7-9A-407, a provision in a lease […]
Section 7-2A-304 Subsequent lease of goods by lessor. (1) Subject to Section 7-2A-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 […]
Section 7-2A-305 Sale or sublease of goods by lessee. (1) Subject to the provisions of Section 7-2A-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 […]
Section 7-2A-306 Priority of certain liens arising by operation of law. If a person in the ordinary course of his or her 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 […]
Section 7-2A-307 Priority over lease contract. (1) Except as otherwise provided in Section 7-2A-306, a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in subsection (3) and in Sections 7-2A-306 and 7-2A-308, a creditor of a lessor takes subject to the lease contract unless the creditor holds a […]
Section 7-2A-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 of possession in good faith […]
Section 7-2A-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 […]
Section 7-2A-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 […]
Section 7-2A-311 Priority subject to subordination. Nothing in this article prevents subordination by agreement by any person entitled to priority. (Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §311.)
