California Commercial Code

§ 10307

COM § 10307 Effective Jan 1, 2000Div. 10 · Ch. 3

Statute text

(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.

Legislative history

Amended by Stats. 1999, Ch. 991, Sec. 38. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991.