Washington Code 62A.2A-307 – 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 RCW 62A.2A-306, a creditor of a lessee takes subject to the lease contract.
Terms Used In Washington Code 62A.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.
(2) Except as otherwise provided in subsection (3) of this section and in RCW 62A.2A-306 and 62A.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 RCW 62A.9A-317, 62A.9A-321, and 62A.9A-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
[2000 c 250 § 9A-810; 1993 c 230 § 2A-307.]
NOTES:
Effective date—2000 c 250: See RCW 62A.9A-701.
Effective date—1993 c 230: See RCW 62A.11-110.