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Creditor of lessee; rights; taking leasehold interest subject to security interest.

MCL 440.2907
in effect
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440.2907. Creditor of lessee; rights; taking leasehold interest subject to security interest. Sec. 2A307. (1) Except as otherwise provided in section 2A306, a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in subsection (3) and in sections 2A306 and 2A308, 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 sections 9317, 9321, and 9323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. Add. 1992, Act 101, Eff. Sept. 30, 1992; Am. 2000, Act 348, Eff. July 1, 2001
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-440-2907Fetched: 10/20/2026

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