N.Y. Uniform Commercial Code Law Section 9-301
Law Governing Perfection and Priority of Security Interests

Section 9--301. Law Governing Perfection and Priority of Security Interests. * Except as otherwise provided in Sections 9--303 through 9--306, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral: * NB Effective until June 3, 2026 * Except as otherwise provided in Sections 9--303 through 9-306B, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral: * NB Effective June 3, 2026 (a) Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.

(b)

While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral. * (c) Except as otherwise provided in subsection (d), while tangible negotiable documents, goods, instruments, money, or tangible chattel paper is located in a jurisdiction, the local law of that jurisdiction governs:

(1)

perfection of a security interest in the goods by filing a fixture filing;

(2)

perfection of a security interest in timber to be cut; and

(3)

the effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral. * NB Effective until June 3, 2026 * (c) Except as otherwise provided in subsection (d), while negotiable tangible documents, goods, instruments, or tangible money is located in a jurisdiction, the local law of that jurisdiction governs:

(1)

perfection of a security interest in the goods by filing a fixture filing;

(2)

perfection of a security interest in timber to be cut; and

(3)

the effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral. * NB Effective June 3, 2026 (d) The local law of the jurisdiction in which the wellhead or minehead is located governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in as-extracted collateral.

(e)

When collateral is a cooperative interest, the law of this state governs perfection, the effect of perfection or nonperfection, and the priority of the security interest in such collateral.

Source: Section 9-301 — Law Governing Perfection and Priority of Security Interests, https://www.­nysenate.­gov/legislation/laws/UCC/9-301 (updated Dec. 12, 2025; accessed Dec. 13, 2025).

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Verified:
Dec. 13, 2025

Last modified:
Dec. 12, 2025

§ 9-301. Law Governing Perfection & Priority of Sec. Interests's source at nysenate​.gov

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