§ 9-309 — Security Interest Perfected upon Attachment

New York § 9-309

• Jurisdiction: New York
• Law UCC: Uniform Commercial Code
• Part 3: Perfection and Priority
• Subpart 2: Perfection
• Art. 9: Secured Transactions

Text

Section 9--309. Security Interest Perfected upon Attachment.\n The following security interests are perfected when they attach:\n (1) a purchase-money security interest in consumer goods, except as\notherwise provided in Section 9--311(b) with respect to consumer goods\nthat are subject to a statute or treaty described in Section 9--311(a);\n (2) an assignment of accounts or payment intangibles which does not by\nitself or in conjunction with other assignments to the same assignee\ntransfer a significant part of the assignor's outstanding accounts or\npayment intangibles;\n (3) a sale of a payment intangible;\n (4) a sale of a promissory note;\n (5) a security interest created by the assignment of a\nhealth-care-insurance receivable to the provider of the health-care\ngoods or services;\n (6) a security interest arising under Section 2--401, 2--505,\n2--711(3), or 2-A-508(5), until the debtor obtains possession of the\ncollateral;\n (7) a security interest of a collecting bank arising under Section\n4--210;\n (8) a security interest of an issuer or nominated person arising under\nSection 5--118;\n (9) a security interest arising in the delivery of a financial asset\nunder Section 9--206(c);\n (10) a security interest in investment property created by a broker or\nsecurities intermediary;\n (11) a security interest in a commodity contract or a commodity\naccount created by a commodity intermediary;\n (12) an assignment for the benefit of all creditors of the transferor\nand subsequent transfers by the assignee thereunder;\n (13) a security interest created by an assignment of a beneficial\ninterest in a decedent's estate; and\n (14) a sale by an individual of an account that is a right to payment\nof winnings in a lottery or other game of chance.\n