North Carolina General Statutes § 25-2A-307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods
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(1) Except as otherwise provided in G.S. 25‑2A‑306, a creditor of a lessee takes subject to the lease contract.
(2) Except as otherwise provided in subsection (3) of this section and in G.S. 25‑2A‑306 and G.S. 25‑2A‑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 G.S. 25‑9‑317, 25‑9‑321, and 25‑9‑323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. (1993, c. 463, s. 1; 2000‑169, s. 15.)
Sections: 25-2A-221 25-2A-301 25-2A-302 25-2A-303 25-2A-304 25-2A-305 25-2A-306 25-2A-307 25-2A-308 25-2A-309 25-2A-310 25-2A-401 25-2A-402 25-2A-403 25-2A-404
Last modified: February 21, 2012
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