New York § 9-704 Security Interest Unperfected Before Effective Date

New York Statutes

§ 9-704 — Security Interest Unperfected Before Effective Date

New York § 9-704

Law UCCUniform Commercial Code

Part 7Transition

Art. 9Secured Transactions

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Bluebook

N.Y. Uniform Commercial Code § 9-704 (2026).

Text

Section 9--704. Security Interest Unperfected Before Effective Date.\n  A security interest that is enforceable immediately before Revised\nArticle 9 takes effect but which would be subordinate to the rights of a\nperson that becomes a lien creditor at that time:\n  (a) remains an enforceable security interest for one year after\nRevised Article 9 takes effect;\n  (b) remains enforceable thereafter if the security interest becomes\nenforceable under Section 9--203 when Revised Article 9 takes effect or\nwithin one year thereafter; and\n  (c) becomes perfected:\n       (1) without further action, when Revised Article 9 takes effect\n           if the applicable requirements for perfection under Revised\n           Article 9 are satisfied before or at that time; or\n       (2) when the appli

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Section 9--704. Security Interest Unperfected Before Effective Date.\n A security interest that is enforceable immediately before Revised\nArticle 9 takes effect but which would be subordinate to the rights of a\nperson that becomes a lien creditor at that time:\n (a) remains an enforceable security interest for one year after\nRevised Article 9 takes effect;\n (b) remains enforceable thereafter if the security interest becomes\nenforceable under Section 9--203 when Revised Article 9 takes effect or\nwithin one year thereafter; and\n (c) becomes perfected:\n (1) without further action, when Revised Article 9 takes effect\n if the applicable requirements for perfection under Revised\n Article 9 are satisfied before or at that time; or\n (2) when the applicable requirements for perfection are satisfied\n if the requirements are satisfied after that time.\n