Maine Revised Statutes Title 11 Sec. 2-1307 – Priority of liens arising by attachment or levy on, security interests in and other claims to goods
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(1). Except as otherwise provided in section 2?1306, a creditor of a lessee takes subject to the lease contract.
[PL 1999, c. 699, Pt. B, §15 (RPR); PL 1999, c. 699, Pt. B, §28 (AFF).]
Terms Used In Maine Revised Statutes Title 11 Sec. 2-1307
- 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 including mobile homes, or are fixtures (section 2?1309), 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 Maine Revised Statutes Title 11 Sec. 2-1103
- Lease: means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. See Maine Revised Statutes Title 11 Sec. 2-1103
- 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
- Lease contract: means the total legal obligation that results from the lease agreement as affected by this Article and any other applicable rules of law. See Maine Revised Statutes Title 11 Sec. 2-1103
- Leasehold interest: means the interest of the lessor or the lessee under a lease contract. See Maine Revised Statutes Title 11 Sec. 2-1103
- Lessee: means a person who acquires the right to possession and use of goods under a lease. See Maine Revised Statutes Title 11 Sec. 2-1103
- Lessor: means a person who transfers the right to possession and use of goods under a lease. See Maine Revised Statutes Title 11 Sec. 2-1103
(2). Except as otherwise provided in subsection (3) and in sections 2?1306 and 2?1308, 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.
(a). [PL 1999, c. 699, Pt. B, §15 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]
(b). [PL 1999, c. 699, Pt. B, §15 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]
(c). [PL 1999, c. 699, Pt. B, §15 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]
[PL 1999, c. 699, Pt. B, §15 (RPR); PL 1999, c. 699, Pt. B, §28 (AFF).]
(3).
[PL 1999, c. 699, Pt. B, §15 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]
(4).
[PL 1999, c. 699, Pt. B, §15 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]
(5). Except as otherwise provided in section 9?1317, 9?1321 and 9?1323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
[PL 1999, c. 699, Pt. B, §15 (NEW); PL 1999, c. 699, Pt. B, §28 (AFF).]
SECTION HISTORY
PL 1991, c. 805, §4 (NEW). PL 1999, c. 699, §B15 (RPR). PL 1999, c. 699, §B28 (AFF).