810 ILCS 5/2A-307

Current through Public Act 103-1052
Section 810 ILCS 5/2A-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 2A-306, a creditor of a lessee takes subject to the lease contract.
(2) Except as otherwise provided in subsection (3) and in Sections 2A-306 and 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 9-317, 9-321, and 9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

810 ILCS 5/2A-307

P.A. 87-493; 91-893, eff. 7/1/2001.