(1) Except as otherwise provided in § 4-2A-306, a creditor of a lessee takes subject to the lease contract.
(2) Except as otherwise provided in subsection (3) and in §§ 4-2A-306 and 4-2A-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 §§ 4-9-317, 4-9-321, and 4-9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Part 3 - Effect of Lease Contract
§ 4-2A-301. Enforceability of lease contract
§ 4-2A-302. Title to and possession of goods
§ 4-2A-304. Subsequent lease of goods by lessor
§ 4-2A-305. Sale or sublease of goods by lessee
§ 4-2A-306. Priority of certain liens arising by operation of law
§ 4-2A-308. Special rights of creditors
§ 4-2A-309. Lessor's and lessee's rights when goods become fixtures
§ 4-2A-310. Lessor's and lessee's rights when goods become accessions