Current through L. 2024, c. 87.
Section 12A: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 12A:2A-306, a creditor of a lessee takes subject to the lease contract.(2) Except as otherwise provided in subsection (3) and in 12A:2A-306 and 12A: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 12A:9-317, 12A:9-321 and 12A:9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.L.1994, c.114, s.1; amended 2001, ch. 117, s. 12, eff. 6/26/2001, op. 7/1/2001; amended c. 386, s. 132, eff. 1/8/2002. P.L. 2001, c. 386, s. 127 provides: "This act, P.L. 2001, c. 386, amends and supplements P.L. 2001, c. 117 and shall take effect immediately and shall be applied retroactively to July 1, 2001."