NY UCC § 9-312 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 9 - Secured Transactions Part 3 - Perfection and Priority Sub Part 2 - Perfection 9-312 - Perfection of Security Interests in Chattel Paper, Deposit Accounts, Documents, Goods Covered by Documents, Instruments, Investment Property, Letter-O

Section 9--312. Perfection  of  Security  Interests  in  Chattel  Paper,                   Deposit  Accounts,   Documents,   Goods   Covered   by                   Documents,     Instruments,    Investment    Property,                   Letter-of-credit  Rights,  and  Money;  Perfection  by                   Permissive Filing; Temporary Perfection Without Filing                   or Transfer of Possession.  (a) Perfection  by  filing  permitted.  A security interest in chattel paper, negotiable documents, instruments, or investment property may  be perfected by filing.  (b) Control  or  possession of certain collateral. Except as otherwise provided in Section 9--315(c) and (d) for proceeds:       (1) a security interest in a deposit  account  may  be  perfected            only by control under Section 9--314;       (2) and  except  as  otherwise  provided  in Section 9--308(d), a            security  interest  in  a  letter-of-credit  right   may   be            perfected only by control under Section 9--314; and       (3) a  security  interest  in  money may be perfected only by the            secured party's taking possession under Section 9--313.  (c) Goods covered by negotiable  document.  While  goods  are  in  the possession  of  a  bailee that has issued a negotiable document covering the goods:       (1) a  security  interest  in  the  goods  may  be  perfected  by            perfecting a security interest in the document; and       (2) a  security  interest  perfected in the document has priority            over any security interest  that  becomes  perfected  in  the            goods by another method during that time.  (d) Goods  covered  by  nonnegotiable document. While goods are in the possession of  a  bailee  that  has  issued  a  non-negotiable  document covering  the  goods,  a security interest in the goods may be perfected by:       (1) issuance of a document in the name of the secured party;       (2) the bailee's receipt of notification of the  secured  party's            interest; or       (3) filing as to the goods.  (e) Temporary   perfection:   new   value.   A  security  interest  in certificated  securities,  negotiable  documents,  or   instruments   is perfected  without  filing  or the taking of possession or control for a period of 20 days from the time it attaches to the extent that it arises for new value given under an authenticated security agreement.  (f) Temporary perfection: goods or documents made available to debtor. A perfected security interest in  a  negotiable  document  or  goods  in possession  of  a  bailee,  other  than one that has issued a negotiable document for the goods, remains perfected for 20 days without filing  if the  secured  party makes available to the debtor the goods or documents representing the goods for the purpose of:       (1) ultimate sale or exchange; or       (2) loading,   unloading,   storing,   shipping,   transshipping,            manufacturing,  processing, or otherwise dealing with them in            a manner preliminary to their sale or exchange.  (g) Temporary  perfection:  delivery  of   security   certificate   or instrument  to  debtor.  A perfected security interest in a certificated security or instrument remains perfected for 20 days without  filing  if the secured party delivers the security certificate or instrument to the debtor for the purpose of:       (1) ultimate sale or exchange; or       (2) presentation,    collection,    enforcement,    renewal,   or            registration of transfer.  (h) Expiration  of  temporary  perfection.  After  the  20-day  period specified  in  subsection  (e),  (f), or (g) expires, perfection depends upon compliance with this article.  (i) Cooperative interests. Subsections (a) through (h) do not apply to cooperative interests.