Hawaii Revised Statutes 490:2A-307 – Priority of liens arising by attachment or levy on, security interests in, and other claims to goods

(a) Except as otherwise provided in § 490:2A-306, a creditor of a lessee takes subject to the lease contract.

Terms Used In Hawaii Revised Statutes 490:2A-307

Contract: A legal written agreement that becomes binding when signed.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Lien: A claim against real or personal property in satisfaction of a debt.

(b) Except as otherwise provided in subsection (c) and §§ 490:2A-306 and 490:2A-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.

(c) Except as otherwise provided in sections 490:9-317, 490:9-321, and 490:9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

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Hawaii Revised Statutes 490:2A-307 – Priority of liens arising by attachment or levy on, security interests in, and other claims to goods

Terms Used In Hawaii Revised Statutes 490:2A-307

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