Section 11-2A-307. Priority of liens arising by attachment or levy on, security interests in, and other claims to goods

   (1) Except as otherwise provided in Code Section 11-2A-306, a creditor of a lessee takes subject to the lease contract.

(2) Except as otherwise provided in subsection (3) of this Code section and in Code Sections 11-2A-306 and 11-2A-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 Code Sections 11-9-317, 11-9-321, and 11-9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

Code 1981, § 11-2A-307, enacted by Ga. L. 1993, p. 633, § 1; Ga. L. 2001, p. 362, § 11.