Ark. Code Ann. § 4-2A-307

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

Known as the Uniform Commercial Code

The act spans §§ 4-1-101 to 4-9-809 (597 sections).

Acts 1993, No. 439, § 1; 2001, No. 1439, § 11.

(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.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.