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411.307

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

411.307(1)

(1) Except as provided in s. 411.306, a creditor of a lessee takes subject to the lease contract.

411.307(2)

(2) Except as provided in sub. (3) and ss. 411.306 and 411.308, 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.

411.307(3)

(3) Except as otherwise provided in ss. 409.317, 409.321, and 409.323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

411.307 - ANNOT.

History: 1991 a. 148; 2001 a. 10.