KRS 355.2A-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 §§ 355.10-101 to 355.9-809 (686 sections).

Effective: July 1, 2001 History: Amended 2000 Ky

(1) Except as otherwise provided in KRS 355.2A-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 KRS 355.2A- 306 and 355.2A-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 KRS 355.9-317, 355.9-321, and 355.9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.