N.Y. U.C.C. Law § 9-110

Current through 2024 NY Law Chapters 1-49, 52, and 61-117
Section 9-110 - Security Interests Arising Under Article 2 or 2-A

A security interest arising under Section 2-401, 2-505, 2-711(3), or 2-A-508(5) is subject to this article. However, until the debtor obtains possession of the goods:

(1) the security interest is enforceable, even if Section 9-203(b)(3) has not been satisfied;
(2) filing is not required to perfect the security interest;
(3) the rights of the secured party after default by the debtor are governed by Article 2 or 2-A; and
(4) the security interest has priority over a conflicting security interest created by the debtor.

N.Y. U.c.c. Law § 9-110