(1) Except as otherwise provided in § 8.2A-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 §§ 8.2A-306 and 8.2A-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 §§ 8.9A-317, 8.9A-321, and 8.9A-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
1991, c. 536; 2000, c. 1007.
Structure Code of Virginia
Title 8.2A - Commercial Code - Leases
§ 8.2A-301. Enforceability of lease contract
§ 8.2A-302. Title to and possession of goods
§ 8.2A-304. Subsequent lease of goods by lessor
§ 8.2A-305. Sale or sublease of goods by lessee
§ 8.2A-306. Priority of certain liens arising by operation of law
§ 8.2A-308. Special rights of creditors
§ 8.2A-309. Lessor's and lessee's rights when goods become fixtures
§ 8.2A-310. Lessor's and lessee's rights when goods become accessions