Illinois Compiled Statutes 810 ILCS 5/2A-307 – Priority of liens arising by attachment or levy on, security …
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Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.
(1) Except as otherwise provided in Section 2A-306, a creditor of a lessee takes subject to the lease contract.
(1) Except as otherwise provided in Section 2A-306, a creditor of a lessee takes subject to the lease contract.
Terms Used In Illinois Compiled Statutes 810 ILCS 5/2A-307
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Contract: A legal written agreement that becomes binding when signed.
- Goods: means all things that are movable at the
time of identification to the lease contract, or are fixtures (Section 2A-309), but the term does not include money, documents, instruments, accounts, chattel paper, general intangibles, or minerals or the like, including oil and gas, before extraction. See Illinois Compiled Statutes 810 ILCS 5/2A-103 | ||||||||||||||
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