New York § 9-338 Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information

New York Statutes

§ 9-338 — Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information

New York § 9-338

JurisdictionNew York

Law UCCUniform Commercial Code

Part 3Perfection and Priority

Subpart 3Priority

Art. 9Secured Transactions

This text of New York § 9-338 (Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information) 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 § 9-338 (2026).

Text

Section 9--338. Priority of Security Interest or Agricultural Lien\n                  Perfected by Filed Financing Statement Providing\n                  Certain Incorrect Information.\n  If a security interest or agricultural lien is perfected by a filed\nfinancing statement providing information described in Section\n9--516(b)(5) which is incorrect at the time the financing statement is\nfiled:\n  (1) the security interest or agricultural lien is subordinate to a\nconflicting perfected security interest in the collateral to the extent\nthat the holder of the conflicting security interest gives value in\nreasonable reliance upon the incorrect information; and\n  (2) a purchaser, other than a secured party, of the collateral takes\nfree of the security interest or agricultural lien to the 

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Section 9--338. Priority of Security Interest or Agricultural Lien\n Perfected by Filed Financing Statement Providing\n Certain Incorrect Information.\n If a security interest or agricultural lien is perfected by a filed\nfinancing statement providing information described in Section\n9--516(b)(5) which is incorrect at the time the financing statement is\nfiled:\n (1) the security interest or agricultural lien is subordinate to a\nconflicting perfected security interest in the collateral to the extent\nthat the holder of the conflicting security interest gives value in\nreasonable reliance upon the incorrect information; and\n (2) a purchaser, other than a secured party, of the collateral takes\nfree of the security interest or agricultural lien to the extent that,\nin reasonable reliance upon the incorrect information, the purchaser\ngives value and, in the case of tangible chattel paper, tangible\ndocuments, goods, instruments, or a security certificate, receives\ndelivery of the collateral.\n