N.Y. Banking Law § 336: Special remedies where property is deposited

§ 336. Special remedies where property is deposited. 1. Every banking

organization, foreign banking corporation or national banking

association authorized to receive personal property upon deposit for

safe-keeping or as bailee for storage, and which shall have received any

such property and shall have issued a receipt therefor, shall have the

remedies of a warehouseman as to such property, and the banking

organization, foreign banking corporation or national banking

association shall have a lien on such deposits or the proceeds thereof

to the same extent and with the same effect, and enforceable in the same

manner, as is provided by article seven of the uniform commercial code.

2. A banking organization, foreign banking corporation or national

banking association holding personal property upon deposit for which a

receipt was issued by a predecessor in interest may have the remedies

provided by this section.

3. The provisions of this section shall not preclude any other remedy

by action or otherwise for the enforcement of the claim of the banking

organization, foreign banking corporation or national banking

association against the person from whom personal property has been

received upon deposit and to whom a receipt shall have been issued

therefor, nor bar the right of the banking organization, foreign banking

corporation or national banking association to recover the debt due it

in any other lawful manner.