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Official Code of Georgia Annotated

Title 11. COMMERCIAL CODE · Chapter 2A. · Article 2A. LEASES · Part 3. EFFECT OF LEASE CONTRACT

11-2A-307. Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (1)

    Except as otherwise provided in Code Section 11-2A-306, a creditor of a lessee takes subject to the lease contract.#

  2. (2)

    Except as otherwise provided in subsection (3) of this Code section and in Code Sections 11-2A-306 and 11-2A-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. (3)

    Except as otherwise provided in Code Sections 11-9-317, 11-9-321, and 11-9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 11-2A-307, enacted by Ga. L. 1993, p. 633, § 1; Ga. L. 2001, p. 362, § 11.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t11-(v9)-2022-pdf.pdf, Volume V9, 2022 edition, pages 296 to 297; merge action: carried; file SHA-256 ad397fccbf21.