<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 57A-2A-307 - Priority of liens arising by attachment or levy on, security interests in, and other claims to goods. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073318Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073318SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073318CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073318Normal-000000 { margin-top: 0; margin-bottom: 0; margin-left: 1.50in; text-indent: -1.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-right: 0; } span.s2073318DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073318Normal-000001 { margin-top: 0; margin-bottom: 0; margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-right: 0; } span.s2073318000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073318SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073318SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2073318Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-307"><span class="s2073318SENU">57A-2A-307</span></a><span xml:space="preserve" class="s2073318SENU">. </span><span class="s2073318CL">Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.</span></p><p dir="ltr" class="s2073318Normal-000000"><span xml:space="preserve" class="s2073318DefaultParagraphFont">(1)    Except as otherwise provided in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-306"><span class="s2073318DefaultParagraphFont">57A-2A-306</span></a><span class="s2073318DefaultParagraphFont">, a creditor of a lessee takes subject to the lease contract.</span></p><p dir="ltr" class="s2073318Normal-000001"><span xml:space="preserve" class="s2073318DefaultParagraphFont">(2)    Except as otherwise provided in subsection (3) of this section and in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-306"><span class="s2073318DefaultParagraphFont">57A-2A-306</span></a><span xml:space="preserve" class="s2073318DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-308"><span class="s2073318DefaultParagraphFont">57A-2A-308</span></a><span class="s2073318DefaultParagraphFont">, 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.</span></p><p dir="ltr" class="s2073318Normal-000001"><span class="s2073318DefaultParagraphFont">(3)    Except as otherwise provided in Sections 9-317, 9-321, and 9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.</span></p><p dir="ltr" class="s2073318Normal"><span xml:space="preserve" class="s2073318000002"> </span></p><p dir="ltr" class="s2073318Normal"><span class="s2073318SCL">Source:</span><span xml:space="preserve" class="s2073318SCL-000003"> SL 1989, ch 419, § 1; SL 1990, ch 390, § 10; SL 2000, ch 231, § 9.</span></p></div></body></html>