Source: https://chowinslaw.com/resources/texas-business-laws/358-effect-of-lease-contract-texas-uniform-commercial-code
Timestamp: 2019-04-23 04:14:58+00:00

Document:
§ 2A.301. ENFORCEABILITY OF LEASE CONTRACT.
Except as otherwise provided in this title, a lease contract is effective and enforceable according to its terms between the parties, against purchasers of the goods and against creditors of the parties.
§ 2A.302. TITLE TO AND POSSESSION OF GOODS.
Except as otherwise provided in this title, each provision of this chapter applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee, or a third party has possession of the goods, notwithstanding any statute or rule of law that possession or the absence of possession is fraudulent.
§ 2A.303. ALIENABILITY OF PARTY'S INTEREST UNDER LEASE CONTRACT OR OF LESSOR'S RESIDUAL INTEREST IN GOODS; DELEGATION OF PERFORMANCE; TRANSFER OF RIGHTS.
(a) As used in this section, "creation of a security interest" includes the sale of a lease contract that is subject to Chapter 9 of this code, Secured Transactions, by reason of Section 9.109(a)(3).
§ 2A.304. SUBSEQUENT LEASE OF GOODS BY LESSOR.
§ 2A.305. SALE OR SUBLEASE OF GOODS BY LESSEE.
§ 2A.306. PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF LAW.
If a person in the ordinary course of the person's business furnishes services or materials with respect to goods subject to a lease contract, a lien upon those goods in the possession of that person given by statute or rule of law for those materials or services takes priority over any interest of the lessor or lessee under the lease contract or this chapter unless the lien is created by statute and the statute provides otherwise or unless the lien is created by rule of law and the rule of law provides otherwise.
§ 2A.307. PRIORITY OF LIENS ARISING BY ATTACHMENT OR LEVY ON, SECURITY INTERESTS IN, AND OTHER CLAIMS TO GOODS.
(a) Except as otherwise provided in Section 2A.306, a creditor of a lessee takes subject to the lease contract.
§ 2A.308. SPECIAL RIGHTS OF CREDITORS.
(a) A creditor of a lessor in possession of goods subject to a lease contract may treat the lease contract as void if as against the creditor retention of possession by the lessor is fraudulent or voids the lease contract under any statute or rule of law, but retention of possession in good faith and current course of trade by the lessor for a commercially reasonable time after the lease contract becomes enforceable is not fraudulent and does not void the lease contract.
§ 2A.309. LESSOR'S AND LESSEE'S RIGHTS WHEN GOODS BECOME FIXTURES.
§ 2A.310. LESSOR'S AND LESSEE'S RIGHTS WHEN GOODS BECOME ACCESSIONS.
(a) Goods are "accessions" when they are installed in or affixed to other goods.

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