2025 Session
Last amended: 1989 session
§ 336.2A-306 — Priority of Certain Liens Arising by Operation of Law
Plain-Language Summary
The lessee's interest under a lease can be reached by the lessee's creditors through judicial process.
336.2A-306 PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF LAW.
If a person in the ordinary course of the person’s business furnishes services or materials with respect to goods subject to a lease contract, a lien upon those goods in the possession of that person given by statute or rule of law for those materials or services takes priority over any interest of the lessor or lessee under the lease contract or this article unless the lien is created by statute and the statute provides otherwise or unless the lien is created by rule of law and the rule of law provides otherwise.
History:
1989 c 232 art 1 s 2A-306
History: History: 1989 c 232 art 1 s 2A-306
Practical Notes
If you are a lessee and your creditors get a court order, they can reach your rights under the lease.