New York § 9-318 No Interest Retained in Right to Payment That Is Sold; Rights and Title of Seller of Account or Chattel Paper with Respect to Creditors a...

New York Statutes

§ 9-318 — No Interest Retained in Right to Payment That Is Sold; Rights and Title of Seller of Account or Chattel Paper with Respect to Creditors a...

New York § 9-318

JurisdictionNew York

Law UCCUniform Commercial Code

Part 3Perfection and Priority

Subpart 3Priority

Art. 9Secured Transactions

This text of New York § 9-318 (No Interest Retained in Right to Payment That Is Sold; Rights and Title of Seller of Account or Chattel Paper with Respect to Creditors a...) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 9-318 (2026).

Text

Section 9--318. No Interest Retained in Right to Payment That Is Sold;\n                  Rights and Title of Seller of Account or Chattel Paper\n                  with Respect to Creditors and Purchasers.\n  (a) Seller retains no interest. A debtor that has sold an account,\nchattel paper, payment intangible, or promissory note does not retain a\nlegal or equitable interest in the collateral sold.\n  (b) Deemed rights of debtor if buyer's security interest unperfected.\nFor purposes of determining the rights of creditors of, and purchasers\nfor value of an account or chattel paper from, a debtor that has sold an\naccount or chattel paper, while the buyer's security interest is\nunperfected, the debtor is deemed to have rights and title to the\naccount or chattel paper identical to those t

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Section 9--318. No Interest Retained in Right to Payment That Is Sold;\n Rights and Title of Seller of Account or Chattel Paper\n with Respect to Creditors and Purchasers.\n (a) Seller retains no interest. A debtor that has sold an account,\nchattel paper, payment intangible, or promissory note does not retain a\nlegal or equitable interest in the collateral sold.\n (b) Deemed rights of debtor if buyer's security interest unperfected.\nFor purposes of determining the rights of creditors of, and purchasers\nfor value of an account or chattel paper from, a debtor that has sold an\naccount or chattel paper, while the buyer's security interest is\nunperfected, the debtor is deemed to have rights and title to the\naccount or chattel paper identical to those the debtor sold.\n