NY UCC § 9-316 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 9 - Secured Transactions Part 3 - Perfection and Priority Sub Part 2 - Perfection 9-316 - Effect of Change in Governing Law.

Section 9--316. Effect of Change in Governing Law.  (a) General  rule:  effect on perfection of change in governing law. A security interest perfected pursuant to  the  law  of  the  jurisdiction designated in Section 9--301(a) or 9--305(c) remains perfected until the earliest of:       (1) the  time  perfection would have ceased under the law of that            jurisdiction;       (2) the expiration of four months after a change of the  debtor's            location to another jurisdiction; or       (3) the  expiration of one year after a transfer of collateral to            a person that thereby becomes a  debtor  and  is  located  in            another jurisdiction.  (b) Security  interest  perfected  or  unperfected  under  law  of new jurisdiction. If a security interest described in subsection (a) becomes perfected under the law of the other jurisdiction  before  the  earliest time  or  event  described  in  that  subsection,  it  remains perfected thereafter. If the security interest does not become perfected under the law of the other jurisdiction before the  earliest  time  or  event,  it becomes  unperfected  and  is  deemed  never  to  have been perfected as against a purchaser of the collateral for value.  (c) Possessory  security  interest  in   collateral   moved   to   new jurisdiction.  A  possessory security interest in collateral, other than goods covered by a certificate  of  title  and  as-extracted  collateral consisting of goods, remains continuously perfected if:       (1) the  collateral is located in one jurisdiction and subject to            a  security  interest  perfected  under  the  law   of   that            jurisdiction;       (2) thereafter   the   collateral   is   brought   into   another            jurisdiction; and       (3) upon entry into the other jurisdiction, the security interest            is perfected under the law of the other jurisdiction.  (d) Goods covered by certificate of title from this state.  Except  as otherwise  provided  in  subsection  (e),  a  security interest in goods covered by a certificate of title which is perfected by any method under the law of another jurisdiction when  the  goods  become  covered  by  a certificate  of  title  from  this  state  remains  perfected  until the security interest would have become unperfected under  the  law  of  the other jurisdiction had the goods not become so covered.  (e) When  subsection (d) security interest becomes unperfected against purchasers. A security interest  described  in  subsection  (d)  becomes unperfected  as against a purchaser of the goods for value and is deemed never to have been perfected as against a purchaser  of  the  goods  for value  if  the  applicable  requirements  for  perfection  under Section 9--311(b) or 9--313 are not satisfied before the earlier of:       (1) the time the security interest would have become  unperfected            under  the  law  of  the other jurisdiction had the goods not            become covered by a certificate of title from this state; or       (2) the expiration of four months after the goods had  become  so            covered.  (f) Change   in   jurisdiction  of  bank,  issuer,  nominated  person, securities intermediary, or commodity intermediary. A security  interest in  deposit  accounts,  letter-of-credit  rights, or investment property which is perfected  under  the  law  of  the  bank's  jurisdiction,  the issuer's jurisdiction, a nominated person's jurisdiction, the securities intermediary's    jurisdiction,    or   the   commodity   intermediary's jurisdiction, as applicable, remains perfected until the earlier of:       (1) the time the security interest would have become  unperfected            under the law of that jurisdiction; or       (2) the   expiration  of  four  months  after  a  change  of  the            applicable jurisdiction to another jurisdiction.  (g) Subsection  (f)  security  interest perfected or unperfected under law of new jurisdiction. If a security interest described in  subsection (f) becomes perfected under the law of the other jurisdiction before the earlier  of  the  time  or  the  end  of  the  period  described in that subsection, it remains perfected thereafter. If  the  security  interest does not become perfected under the law of the other jurisdiction before the  earlier  of  that  time  or  the  end  of  that  period, it becomes unperfected and is deemed never to have  been  perfected  as  against  a purchaser of the collateral for value.  (h)  Effect  on  filed financing statement of change in governing law. The following rules apply to collateral to  which  a  security  interest attaches  within  four  months  after the debtor changes its location to another jurisdiction:       (1) A financing statement filed before the change pursuant to the            law of the jurisdiction designated in  Section  9--301(a)  or            9--305(c)  is effective to perfect a security interest in the            collateral  if  the  financing  statement  would  have   been            effective  to  perfect  a security interest in the collateral            had the debtor not changed its location.       (2) If a security interest perfected  by  a  financing  statement            that is effective under paragraph (1) becomes perfected under            the  law  of the other jurisdiction before the earlier of the            time the financing statement would  have  become  ineffective            under  the  law  of  the  jurisdiction  designated in Section            9--301(a) or 9--305(c) or the expiration  of  the  four-month            period,  it  remains  perfected  thereafter.  If the security            interest does not become perfected under the law of the other            jurisdiction before the earlier time  or  event,  it  becomes            unperfected  and  is  deemed  never to have been perfected as            against a purchaser of the collateral for value.  (i) Effect of change in governing law  on  financing  statement  filed against  original  debtor.  If  a financing statement naming an original debtor is filed pursuant to the law of the  jurisdiction  designated  in Section  9--301(a) or 9--305(c) and the new debtor is located in another jurisdiction, the following rules apply:       (1) The financing statement is effective to  perfect  a  security            interest  in  collateral  in  which  the  new  debtor  has or            acquires rights before or within four months  after  the  new            debtor   becomes   bound  under  Section  9--203(d),  if  the            financing statement would have been effective  to  perfect  a            security  interest  in the collateral had the collateral been            acquired by the original debtor.       (2) A security  interest  that  is  perfected  by  the  financing            statement  and  which  becomes perfected under the law of the            other jurisdiction before the earlier of  the  expiration  of            the  four  month  period  or the time the financing statement            would  have  become  ineffective  under  the   law   of   the            jurisdiction  designated  in  Section  9--301(a) or 9--305(c)            remains perfected thereafter. A  security  interest  that  is            perfected  by  the  financing  statement  but  which does not            become perfected under the  law  of  the  other  jurisdiction            before  the  earlier time or event becomes unperfected and is            deemed never to have been perfected as against a purchaser of            the collateral for value.