Section 242. Non-attachment, release, discharge and subordination of liens  


Latest version.
  • 1.    When  a  certificate  of  release,  non-attachment,  discharge  or
      subordination  of any federal lien is presented for filing in the office
      of the secretary of state, he or she shall
        (a) cause a certificate of release or non-attachment to be  marked  or
      assigned  a  consecutive  file  number,  held  and  indexed  as  if such
      certificate were a termination  statement  within  the  meaning  of  the
      uniform  commercial  code,  except that the notice of lien to which such
      certificate relates shall not be removed from the files or  purged  from
      the computerized system for a period of three years, and
        (b)  cause  a  certificate  of  discharge or subordination to be held,
      marked or assigned a consecutive file number  and  indexed  as  if  such
      certificate  were  a  release  of  collateral  within the meaning of the
      uniform commercial code.
        An acceptable alternative  to  filing  such  certificate  of  release,
      non-attachment,  discharge  or  subordination in a paper format shall be
      filing of such certificate by computerized methods  established  by  the
      secretary  of state such that each certificate shall constitute a unique
      computerized informational record and each such record shall be assigned
      a  consecutive  file  number,  held  and  indexed  as  if  such  were  a
      termination or release as the case may require within the meaning of the
      uniform commercial code.
        2.  When  any  such certificate, or a notice of revocation of any such
      certificate, is presented for filing in the office of the city  register
      of  the city of New York or the county clerk where the notice of lien is
      filed, such officer shall permanently  attach  the  certificate  to  the
      notice  of  lien;  and  shall  enter the certificate or notice, with the
      date, in the federal lien index or card  index  system  or  computerized
      index system on the line where the notice of lien is entered.