N.Y. Uniform Commercial Code Law § 9-306b: Law Governing Perfection and Priority of Security Interests in Controllable Accounts, Controllable Electronic Records, and Controllable P...

Section 9-306B. Law Governing Perfection and Priority of Security

Interests in Controllable Accounts, Controllable

Electronic Records, and Controllable Payment

Intangibles.

(a) Governing law: general rules. Except as provided in subsection

(b), the local law of the controllable electronic record's jurisdiction

specified in Section 12--107(c) and (d) governs perfection, the effect

of perfection or nonperfection, and the priority of a security interest

in a controllable electronic record and a security interest in a

controllable account or controllable payment intangible evidenced by the

controllable electronic record.

(b) When perfection governed by law of jurisdiction where debtor

located. The local law of the jurisdiction in which the debtor is

located governs:

(1) perfection of a security interest in a controllable account,

controllable electronic record, or controllable payment intangible by

filing; and

(2) automatic perfection of a security interest in a controllable

payment intangible created by a sale of the controllable payment

intangible.