N.Y. Uniform Commercial Code Law § 11-103: Transition to Revised Article 9--General Rule

Section 11--103. Transition to Revised Article 9--General Rule.

Transactions validly entered into after September twenty-seventh,

nineteen hundred sixty-four and before the effective date of Revised

Article 9, and which were subject to the provisions of Original Article

9 and which would be subject to Revised Article 9 if they had been

entered into on or after the effective date of Revised Article 9 and the

rights, duties and interests flowing from such transactions remain valid

after the latter date and may be terminated, completed, consummated or

enforced as required or permitted by Revised Article 9. Security

interests arising out of such transactions which are perfected when

Revised Article 9 becomes effective shall remain perfected until they

lapse as provided in Revised Article 9, and may be continued as

permitted by the Revised Article 9, except as provided in Section

11-105.