N.Y. Uniform Commercial Code Law Section 9-601
Rights after Default

Judicial Enforcement
Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes

Section 9--601. Rights after Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes.

(a)

Rights of secured party after default. After default, a secured party has the rights provided in this part and, except as otherwise provided in Section 9--602, those provided by agreement of the parties. A secured party:

(1)

may reduce a claim to judgment, foreclose, or otherwise enforce the claim, security interest, or agricultural lien by any available judicial procedure; and

(2)

if the collateral is documents, may proceed either as to the documents or as to the goods they cover.

(b)

Rights and duties of secured party in possession or control. A secured party in possession of collateral or control of collateral under Section 7--106, 9--104, 9--105, 9--105A, 9--106, 9--107, or 9--107A has the rights and duties provided in Section 9--207.

(c)

Rights cumulative; simultaneous exercise. The rights under subsections (a) and (b) are cumulative and may be exercised simultaneously.

(d)

Rights of debtor and obligor. Except as otherwise provided in subsection (g) and Section 9--605, after default, a debtor and an obligor have the rights provided in this part and by agreement of the parties.

(e)

Lien of levy after judgment. If a secured party has reduced its claim to judgment, the lien of any levy that may be made upon the collateral by virtue of an execution based upon the judgment relates back to the earliest of:

(1)

the date of perfection of the security interest or agricultural lien in the collateral;

(2)

the date of filing a financing statement covering the collateral; or

(3)

any date specified in a statute under which the agricultural lien was created.

(f)

Execution sale. A sale pursuant to an execution is a foreclosure of the security interest or agricultural lien by judicial procedure within the meaning of this section. A secured party may purchase at the sale and thereafter hold the collateral free of any other requirements of this article.

(g)

Consignor or buyer of certain rights to payment. Except as otherwise provided in Section 9--607(c), this part imposes no duties upon a secured party that is a consignor or is a buyer of accounts, chattel paper, payment intangibles, or promissory notes.

Source: Section 9-601 — Rights after Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes, https://www.nysenate.gov/legislation/laws/UCC/9-601 (updated Jun. 5, 2026; accessed Jul. 11, 2026).

9–601
Rights after Default 9–602
Waiver and Variance of Rights and Duties 9–603
Agreement on Standards Concerning Rights and Duties 9–604
Procedure If Security Agreement Covers Real Property, Fixtures, or Cooperative Interests 9–605
Unknown Debtor or Secondary Obligor 9–606
Time of Default for Agricultural Lien 9–607
Collection and Enforcement by Secured Party 9–608
Application of Proceeds of Collection or Enforcement 9–609
Secured Party’s Right to Take Possession after Default 9–610
Disposition of Collateral after Default 9–611
Notification Before Disposition of Collateral 9–612
Timeliness of Notification Before Disposition of Collateral 9–613
Contents and Form of Notification Before Disposition of Collateral: General 9–614
Contents and Form of Notification Before Disposition of Collateral: Consumer-goods Transaction 9–615
Application of Proceeds of Disposition 9–616
Explanation of Calculation of Surplus or Deficiency 9–617
Rights of Transferee of Collateral 9–618
Rights and Duties of Certain Secondary Obligors 9–619
Transfer of Record or Legal Title 9–620
Acceptance of Collateral in Full or Partial Satisfaction of Obligation 9–621
Notification of Proposal to Accept Collateral 9–622
Effect of Acceptance of Collateral 9–623
Right to Redeem Collateral 9–624
Waiver

California:	Codes
Colorado:	C.R.S.
Florida:	Statutes
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

N.Y. Uniform Commercial Code Law Section 9-601 Rights after Default

(a)

(1)

(2)

(b)

(c)

(d)

(e)

(1)

(2)

(3)

(f)

(g)

N.Y. Uniform Commercial Code Law Section 9-601
Rights after Default