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 § 9-107B

JurisdictionNew York

Law UCCUniform Commercial Code

Part 1General Provisions

Subpart 1Short Title, Definitions, and General Concepts

Art. 9Secured Transactions

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Bluebook

N.Y. Uniform Commercial Code § 9-107B (2026).

Text

* 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