California Law (Last Updated: March 4, 2014) |
Commercial Code - COM |
Division 10. PERSONAL PROPERTY LEASES |
Chapter 3. Effect of Lease Contract |
Section 10307.
Latest version.
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(a) Except as otherwise provided in Section 10306, a creditor of a lessee takes subject to the lease contract.
(b) Except as otherwise provided in subdivision (c) and in Sections 10306 and 10308, 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 9317, 9321, and 9323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
(Amended by Stats. 1999, Ch. 991, Sec. 38. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991.)