28-12-307. PRIORITY OF LIENS ARISING BY ATTACHMENT OR LEVY ON, SECURITY INTERESTS IN, AND OTHER CLAIMS TO GOODS. (1) Except as otherwise provided in section 28-12-306, a creditor of a lessee takes subject to the lease contract.
(2) Except as otherwise provided in subsection (3) of this section and in sections 28-12-306 and 28-12-308, 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 28-9-317, 28-9-321 and 28-9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
History:
[28-12-307, added 1993, ch. 287, sec. 1, p. 993; am. 2001, ch. 208, sec. 22, p. 821.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 12 - UNIFORM COMMERCIAL CODE — LEASES
Part 3 - EFFECT OF LEASE CONTRACT
Section 28-12-301 - ENFORCEABILITY OF LEASE CONTRACT.
Section 28-12-302 - TITLE TO AND POSSESSION OF GOODS.
Section 28-12-304 - SUBSEQUENT LEASE OF GOODS BY LESSOR.
Section 28-12-305 - SALE OR SUBLEASE OF GOODS BY LESSEE.
Section 28-12-306 - PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF LAW.
Section 28-12-308 - SPECIAL RIGHTS OF CREDITORS.
Section 28-12-309 - LESSOR’S AND LESSEE’S RIGHTS WHEN GOODS BECOME FIXTURES.
Section 28-12-310 - LESSOR’S AND LESSEE’S RIGHTS WHEN GOODS BECOME ACCESSIONS.