The Florida Senate

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

(1)  Except as otherwise provided in s. 680.306, a creditor of a lessee takes subject to the lease contract.

(2)  Except as otherwise provided in subsections (3) and (4) of this section and in ss. 680.306 and 680.308, a creditor of a lessor takes subject to the lease contract:

(a)  Unless the creditor holds a lien that attached to the goods before the lease contract became enforceable;

(b)  Unless the creditor holds a security interest in the goods and the lessee did not give value and receive delivery of the goods without knowledge of the security interest; or

(c)  Unless the creditor holds a security interest in the goods that attached and was perfected before:

1.  The lease contract became enforceable;

2.  The lessee gave value and received delivery of the goods; or

3.  In the case of a purchase money security interest, the date that is 15 days after the date that the lessor received possession of the goods or the date that the lessee received possession of the goods, whichever is earlier.

(3)  A lessee in the ordinary course of business takes the leasehold interest free of a security interest in the goods created by the lessor even though the security interest is perfected and the lessee knows of its existence.

(4)  A lessee other than a lessee in the ordinary course of business takes the leasehold interest free of a security interest to the extent that it secures future advances made after the secured party acquires knowledge of the lease or more than 45 days after the lease contract becomes enforceable, whichever first occurs, unless the future advances are made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the 45-day period.

History.--s. 1, ch. 90-278.