New York § 9-107B No Requirement to Acknowledge or Confirm; No Duties

New York Statutes

§ 9-107B — No Requirement to Acknowledge or Confirm; No Duties

New York·Law UCC Uniform Commercial Code·Part 1 General Provisions·Subpart 1 Short Title, Definitions, and General Concepts·Art. 9 Secured Transactions

* Section 9--107B. No Requirement to Acknowledge or Confirm; No Duties.\n  (a) No requirement to acknowledge. A person that has control under\nSection 9--104, 9--105, or 9--105A is not required to acknowledge that\nit has control on behalf of another person.\n  (b) No duties or confirmation. If a person acknowledges that it has or\nwill obtain control on behalf of another person, unless the person\notherwise agrees or law other than this article otherwise provides, the\nperson does not owe any duty to the other person and is not required to\nconfirm the acknowledgment to any other person.\n  * NB Effective June 3, 2026\n

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* Section 9--107B. No Requirement to Acknowledge or Confirm; No Duties.\n (a) No requirement to acknowledge. A person that has control under\nSection 9--104, 9--105, or 9--105A is not required to acknowledge that\nit has control on behalf of another person.\n (b) No duties or confirmation. If a person acknowledges that it has or\nwill obtain control on behalf of another person, unless the person\notherwise agrees or law other than this article otherwise provides, the\nperson does not owe any duty to the other person and is not required to\nconfirm the acknowledgment to any other person.\n * NB Effective June 3, 2026\n

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