N.Y. Uniform Commercial Code Law § 7-602: Judicial Process Against Goods Covered by Negotiable Document of Title

Section 7--602. Judicial Process Against Goods Covered by Negotiable

Document of Title.

Unless a document of title was originally issued upon delivery of the

goods by a person that did not have power to dispose of them, a lien

does not attach by virtue of any judicial process to goods in the

possession of a bailee for which a negotiable document of title is

outstanding unless possession or control of the document is first

surrendered to the bailee or the document's negotiation is enjoined. The

bailee may not be compelled to deliver the goods pursuant to process

until possession or control of the document is surrendered to the bailee

or to the court. A purchaser of the document for value without notice of

the process or injunction takes free of the lien imposed by judicial

process.