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§12A-2A-307.


§12A-2A-307.
   
              PRIORITY OF LIENS ARISING BY ATTACHMENT OR LEVY
                                      
            ON, SECURITY INTERESTS IN, AND OTHER CLAIMS TO GOODS
                                      
   (1) Except as otherwise provided in Section 2A-306 of this title, a
   creditor of a lessee takes subject to the lease contract.
   
   (2) Except as otherwise provided in subsections (3) and (4) of this
   section and in Sections 2A-306 and 2A-308 of this title, a creditor of
   a lessor takes subject to the lease contract unless:
   
   (a) the creditor holds a lien that attached to the goods before the
   lease contract became enforceable;
   
   (b) the creditor holds a security interest in the goods and the lessee
   did not give value and receive delivery of the goods without knowledge
   of the security interest; or
   
   (c) the creditor holds a security interest in the goods which was
   perfected (Section 9-303 of this title) before the lease contract
   became enforceable.
   
   (3) A lessee in the ordinary course of business takes the leasehold
   interest free of a security interest in the goods created by the
   lessor even though the security interest is perfected (Section 9-303
   of this title) and the lessee knows of its existence.
   
   (4) A lessee other than a lessee in the ordinary course of business
   takes the leasehold interest free of a security interest to the extent
   that it secures future advances made after the secured party acquires
   knowledge of the lease or more than forty-five (45) days after the
   lease contract becomes enforceable, whichever first occurs, unless the
   future advances are made pursuant to a commitment entered into without
   knowledge of the lease and before the expiration of the forty-five-day
   period.
   

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