Title XXVI TRADE AND COMMERCE Chapter 400 • Effective - 01 Jul 2001, see footnote 400.2A-307. Priority of liens arising by attachment or levy on — security interest in — and other claims to goods. — (1) Except as otherwise provided in section 400.2A-306, a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in subsection (3) and in sections 400.2A-306 and 400.2A-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 sections 400.9-317, 400.9-321 and 400.9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. -------- (L. 1992 S.B. 448, A.L. 2001 S.B. 288) Effective 7-01-01
Missouri Legal Code