N.Y. Uniform Commercial Code Law Section 9-309
Security Interest Perfected upon Attachment

Section 9--309. Security Interest Perfected upon Attachment. The following security interests are perfected when they attach:

(1)

a purchase-money security interest in consumer goods, except as otherwise provided in Section 9--311(b) with respect to consumer goods that are subject to a statute or treaty described in Section 9--311(a);

(2)

an assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles;

(3)

a sale of a payment intangible;

(4)

a sale of a promissory note;

(5)

a security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;

(6)

a security interest arising under Section 2--401, 2--505, 2--711(3), or 2-A-508(5), until the debtor obtains possession of the collateral;

(7)

a security interest of a collecting bank arising under Section 4--210;

(8)

a security interest of an issuer or nominated person arising under Section 5--118;

(9)

a security interest arising in the delivery of a financial asset under Section 9--206(c);

(10)

a security interest in investment property created by a broker or securities intermediary;

(11)

a security interest in a commodity contract or a commodity account created by a commodity intermediary;

(12)

an assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder;

(13)

a security interest created by an assignment of a beneficial interest in a decedent’s estate; and

(14)

a sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.

Source: Section 9-309 — Security Interest Perfected upon Attachment, https://www.­nysenate.­gov/legislation/laws/UCC/9-309 (updated Feb. 20, 2015; accessed May 11, 2024).

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Accessed:
May 11, 2024

Last modified:
Feb. 20, 2015

§ 9-309’s source at nysenate​.gov

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