Michigan § 440.2907 - Creditor of lessee; rights; taking leasehold interest subject to security interest.
Full text of Michigan Michigan Compiled Laws § 440.2907 — Creditor of lessee; rights; taking leasehold interest subject to security interest., with citation guidance and answers to common questions.
§ 440.2907. Creditor of lessee; rights; taking leasehold interest subject to security interest.
Except as otherwise provided in section 2A306, a creditor of a lessee takes subject to the lease contract.
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.
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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.2907
What does Michigan Compiled Laws § 440.2907 cover?
Section 440.2907 ("Creditor of lessee; rights; taking leasehold interest subject to security interest.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.2907?
A common citation format is "Michigan Compiled Laws § 440.2907" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.2907 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.