N.Y. Uniform Commercial Code Law § 9-505: Filing and Compliance with Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions

Section 9--505. Filing and Compliance with Other Statutes and Treaties

for Consignments, Leases, Other Bailments, and Other

Transactions.

(a) Use of terms other than "debtor" and "secured party." A consignor,

lessor, or other bailor of goods, a licensor, or a buyer of a payment

intangible or promissory note may file a financing statement, or may

comply with a statute or treaty described in Section 9--311(a), using

the terms "consignor", "consignee", "lessor", "lessee", "bailor",

"bailee", "licensor", "licensee", "owner", "registered owner", "buyer",

"seller", or words of similar import, instead of the terms "secured

party" and "debtor".

(b) Effect of financing statement under subsection (a). This part

applies to the filing of a financing statement under subsection (a) and,

as appropriate, to compliance that is equivalent to filing a financing

statement under Section 9--311(b), but the filing or compliance is not

of itself a factor in determining whether the collateral secures an

obligation. If it is determined for another reason that the collateral

secures an obligation, a security interest held by the consignor,

lessor, bailor, licensor, owner, or buyer which attaches to the

collateral is perfected by the filing or compliance.