Connecticut General Statutes (Last Updated: November 2, 2019) |
Volume 11. |
Title 42a. Uniform Commercial Code |
Article 2A. Leases |
PART 4. EFFECT OF LEASE CONTRACT |
Sec. 42a-2A-407. Priority of liens arising by attachment or levy on goods.
Latest version.
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(a) Except as otherwise provided in section 42a-2A-406, a creditor of a lessee takes subject to the lease contract.
(b) Except as otherwise provided in subsection (c) of this section and sections 42a-2A-406 and 42a-2A-408, 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.
(c) Except as otherwise provided in sections 42a-9-317, 42a-9-321 and 42a-9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
(P.A. 02-131, S. 34.)