(1) Except as otherwise provided in Section 7-2A-306, a creditor of a lessee takes subject to the lease contract.
(2) Except as otherwise provided in subsection (3) and in Sections 7-2A-306 and 7-2A-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 7-9A-317, 7-9A-321, and 7-9A-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
Structure Code of Alabama
Part 3 - Effect of Lease Contract.
Section 7-2A-301 - Enforceability of Lease Contract.
Section 7-2A-302 - Title to and Possession of Goods.
Section 7-2A-303 - Alienability of Interests, Transfer of Rights, Etc.
Section 7-2A-304 - Subsequent Lease of Goods by Lessor.
Section 7-2A-305 - Sale or Sublease of Goods by Lessee.
Section 7-2A-306 - Priority of Certain Liens Arising by Operation of Law.
Section 7-2A-307 - Priority Over Lease Contract.
Section 7-2A-308 - Special Rights of Creditors.
Section 7-2A-309 - Lessor's and Lessee's Rights When Goods Become Fixtures.
Section 7-2A-310 - Lessor's and Lessee's Rights When Goods Become Accessions.