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New York · Through 2026-09-11

N.Y. Uniform Commercial Code Law § 9-309: Security Interest Perfected upon Attachment

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Where this section sits in the code
  1. Uniform Commercial Code Law
  2. Article 9. Secured Transactions
  3. Part 3. Perfection and Priority
  4. Subpart 2. Perfection

Section 9--309. Security Interest Perfected upon Attachment.

The following security interests are perfected when they attach:

(1) a purchase-money security interest in consumer goods, except as

otherwise provided in Section 9--311(b) with respect to consumer goods

that are subject to a statute or treaty described in Section 9--311(a);

(2) an assignment of accounts or payment intangibles which does not by

itself or in conjunction with other assignments to the same assignee

transfer a significant part of the assignor's outstanding accounts or

payment intangibles;

(3) a sale of a payment intangible;

(4) a sale of a promissory note;

(5) a security interest created by the assignment of a

health-care-insurance receivable to the provider of the health-care

goods or services;

(6) a security interest arising under Section 2--401, 2--505,

2--711(3), or 2-A-508(5), until the debtor obtains possession of the

collateral;

(7) a security interest of a collecting bank arising under Section

4--210;

(8) a security interest of an issuer or nominated person arising under

Section 5--118;

(9) a security interest arising in the delivery of a financial asset

under Section 9--206(c);

(10) a security interest in investment property created by a broker or

securities intermediary;

(11) a security interest in a commodity contract or a commodity

account created by a commodity intermediary;

(12) an assignment for the benefit of all creditors of the transferor

and subsequent transfers by the assignee thereunder;

(13) a security interest created by an assignment of a beneficial

interest in a decedent's estate; and

(14) a sale by an individual of an account that is a right to payment

of winnings in a lottery or other game of chance.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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