Section 411.307. Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

 

(1)  Except as provided in s. 411.306 , a creditor of a lessee takes subject to the lease contract.

(2)  Except as provided in sub. (3) and ss. 411.306 and 411.308 , 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 ss. 409.317 , 409.321 , and 409.323 , a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

1991 a. 148 ; 2001 a. 10 .