New York Uniform Commercial Code Law Section 9-308 - When Security Interest or Agricultural Lien is Perfected; Continuity of Perfection.

Section 9--308. When   Security   Interest   or   Agricultural  Lien  Is
                Perfected; Continuity of Perfection.
(a) Perfection of security interest. Except as otherwise  provided  in
  this  section and Section 9--309, a security interest is perfected if it
  has attached and all of the applicable requirements  for  perfection  in
  Sections  9--310 through 9--316 have been satisfied. A security interest
  is perfected  when  it  attaches  if  the  applicable  requirements  are
  satisfied before the security interest attaches.
(b) Perfection of agricultural lien. An agricultural lien is perfected
  if  it  has  become effective and all of the applicable requirements for
  perfection in Section 9--310 have been satisfied. An  agricultural  lien
  is  perfected  when  it becomes effective if the applicable requirements
  are satisfied before the agricultural lien becomes effective.
(c) Continuous perfection; perfection by different methods. A security
  interest or  agricultural  lien  is  perfected  continuously  if  it  is
  originally  perfected  by  one  method  under  this article and is later
  perfected by another method under this article, without an  intermediate
  period when it was unperfected.
(d) Supporting  obligation.  Perfection  of  a  security  interest  in
  collateral also perfects a security interest in a supporting  obligation
  for the collateral.
(e) Lien  securing right to payment. Perfection of a security interest
  in a right to payment or performance also perfects a  security  interest
  in  a  security  interest,  mortgage,  or other lien on personal or real
  property securing the right.
(f) Security entitlement carried in securities account. Perfection  of
  a  security  interest  in  a securities account also perfects a security
  interest in the security entitlements carried in the securities account.
(g) Commodity contract carried in commodity account. Perfection  of  a
  security  interest  in  a  commodity  account  also  perfects a security
  interest in the commodity contracts carried in the commodity account.
(h) Cooperative  organization   security   interest.   A   cooperative
  organization  security  interest  becomes perfected when the cooperative
  interest first comes into existence and remains perfected so long as the
  cooperative interest exists.

Last modified: February 3, 2019