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Georgia Commercial Code - Title 11, Section 11-2A-307

Legal Research Home > Atlanta Lawyer > Commercial Code > Georgia Commercial Code - Title 11, Section 11-2A-307

Priority of liens arising by attachment or levy on, security interests in, and other claims to goods

(1) Except as otherwise provided in Code Section 11-2A-306, a creditor of a lessee takes subject to the lease contract.

(2) Except as otherwise provided in subsection (3) of this Code section and in Code Sections 11-2A-306 and 11-2A-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 Code Sections 11-9-317, 11-9-321, and 11-9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

Last modified: May 3, 2006