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§ 4-2a-307 — Arkansas Law | CourtGPT
  1. Home/
  2. Laws/
  3. Arkansas/
  4. Title 4 - Business and Commercial Law (§§ 4-1-101 — 4-119-105)/
  5. Subtitle 1 - Uniform Commercial Code/
  6. Chapter 2a - Leases/
  7. Part 3 - Effect of Lease Contract/
  8. § 4-2a-307
Arkansas Legal Code

§ 4-2a-307

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(1) Except as otherwise provided in § 4-2A-306, a creditor of a lessee takes subject to the lease contract.(2) Except as otherwise provided in subsection (3) and in §§ 4-2A-306 and 4-2A-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 §§ 4-9-317, 4-9-321, and 4-9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.Acts 1993, No. 439, § 1; 2001, No. 1439, § 11.