Section 57A-2A-307 - Priority of liens arising by attachment or levy on, security interests in, andother claims to goods. - South-dakota Statutes

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57A-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 § 57A-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 §§ 57A-2A-306 and 57A-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 Sections 9-317, 9-321, and 9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

Source: SL 1989, ch 419, § 1; SL 1990, ch 390, § 10; SL 2000, ch 231, § 9.

State Codes and Statutes

Statutes > South-dakota > Title-57a > Chapter-02a > Statute-57a-2a-307

57A-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 § 57A-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 §§ 57A-2A-306 and 57A-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 Sections 9-317, 9-321, and 9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

Source: SL 1989, ch 419, § 1; SL 1990, ch 390, § 10; SL 2000, ch 231, § 9.

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State Codes and Statutes

Statutes > South-dakota > Title-57a > Chapter-02a > Statute-57a-2a-307

57A-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 § 57A-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 §§ 57A-2A-306 and 57A-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 Sections 9-317, 9-321, and 9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

Source: SL 1989, ch 419, § 1; SL 1990, ch 390, § 10; SL 2000, ch 231, § 9.