Laws of New York (Last Updated: November 21, 2014) |
UCC Uniform Commercial Code |
Article 9. SECURED TRANSACTIONS |
Part 3. PERFECTION AND PRIORITY |
SubPart 2. PERFECTION |
Section 9--309. Security Interest Perfected upon Attachment
Latest version.
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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