New York Uniform Commercial Code Law Section 9-110 - Security Interests Arising Under Article 2 or 2-A

Section 9--110. Security Interests Arising Under Article 2 or 2-A.
A  security  interest arising under Section 2--401, 2--505, 2--711(3),
  or 2-A-508(5) is subject to this  article.  However,  until  the  debtor
  obtains possession of the goods:
     (1) the   security  interest  is  enforceable,  even  if  Section
         9--203(b)(3) has not been satisfied;
     (2) filing is not required to perfect the security interest;
     (3) the rights of the secured party after default by  the  debtor
         are governed by Article 2 or 2-A; and
     (4) the   security  interest  has  priority  over  a  conflicting
         security interest created by the debtor.

Last modified: February 3, 2019