(810 ILCS 5/2A-307)
(from Ch. 26, par. 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 Section 2A-306, a
creditor of a lessee takes subject to the lease contract.
(2) Except as otherwise provided in subsection (3) and in Sections 2A-306
and 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 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.
(Source: P.A. 91-893, eff. 7-1-01.)