Michigan Compiled Laws, Chapter 440. Uniform Commercial Code § 440.2907

Sec. 2A307. (1) Except as otherwise provided in section 2A306,  1 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,  2 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,  3 a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.