2023 New York Laws › UCC - Uniform Commercial Code › Article 13 - Effective Date and Repealer › 13-102 - Laws Repealed; Provision for Transition.

Section 13--102. Laws Repealed; Provision for Transition.
(1)  Of  the  laws enumerated in the schedule hereto annexed following
Section 10-105 of this  Act  and  subject  to  the  provisions  of  this
Article, that portion specified in the last column is hereby REPEALED.
(2)  Transactions  validly  entered  into  before  the  effective date
specified in Section 10-105 of this  Act  and  the  rights,  duties  and
interests   flowing  from  them  remain  valid  thereafter  and  may  be
terminated, completed, consummated or enforced as required or  permitted
by  any  statute or other law repealed or modified by this Act as though
such repeal or modification had not occurred;  provided,  however,  that
the  perfection  of a security interest, as defined in this Act (Section
1-201) and however denominated in any law repealed or modified  by  this
Act,
(a) which  was  perfected when this Act takes effect by a filing,
refiling or recording under a law repealed by  this  Act  and
requiring a further filing, refiling or recording to continue
its  perfection,  continues  until and will lapse on the date
provided by the law so  repealed  for  such  further  filing,
refiling or recording;
(b) which  was  perfected when this Act takes effect by a filing,
refiling or recording under a law repealed by  this  Act  and
requiring   no  further  filing,  refiling  or  recording  to
continue its  perfection,  continues  until  and  will  lapse
twelve months after the date this Act takes effect;
(c) which  was  perfected  when this Act takes effect without any
filing, refiling or recording,  and  for  the  perfection  of
which  the  filing of a financing statement would be required
if this Act applied, continues until and  will  lapse  twelve
months  after  this Act takes effect if the security interest
is in accounts or, otherwise, thirty-six  months  after  this
Act  takes  effect;  unless,  in  each  case,  a continuation
statement is filed by the secured party before the perfection
of the security interest  would  otherwise  lapse.  Any  such
continuation  statement  must be signed by the secured party,
identify the security agreement, statement or notice, however
denominated in any statute or other law repealed or  modified
by  this  Act,  state  the office where and the date when the
last filing, refiling or recording, if  any,  was  made  with
respect  thereto,  and the filing number, if any, or book and
page, if  any,  of  recording  and  further  state  that  the
security agreement, statement or notice, however, denominated
in any statute or other law repealed or modified by this Act,
is  still  effective.  Section  9--501  determines the proper
place to  file  such  a  continuation  statement.  Except  as
specified  in  this subsection and except that the perfection
of the security interest will  lapse  five  years  after  the
filing  of  a  continuation statement in accordance with this
subsection unless another  continuation  statement  is  filed
within  six  months  prior  to  such lapse, the provisions of
Section 9--515 apply to such a continuation statement.
(3) Notwithstanding subsection (2):
(a) The perfection of a security interest, however denominated in
any law repealed by this Act, which was perfected  when  this
Act  takes  effect by a filing, refiling or recording under a
law repealed by this Act, and for the perfection of which, if
this Act applied, no filing of a financing statement would be
required, continues under this Act.
(b) A security interest, however denominated in any law  repealed
by  this  Act,  which  was  not perfected when this Act takes
effect but which could have been perfected  before  this  Act
takes  effect  by a filing, refiling or recording under a law
repealed  by  this Act, and which, if this Act applied, could
be perfected by the filing of  a  financing  statement  under
this  Act,  may  be  perfected  by  the filing of a financing
statement in accordance with this Act.
(c) A security interest, however denominated in any law  repealed
or  modified  by  this Act, which was not perfected when this
Act takes effect but which could have been  perfected  before
this   Act   takes  effect  by  the  secured  party's  taking
possession of the collateral under a law repealed or modified
by this Act,  and  which,  if  this  Act  applied,  could  be
perfected  by  the  secured  party's taking possession of the
collateral, may be perfected by the  secured  party's  taking
possession of the collateral in accordance with this Act.
(d) A  continuation statement heretofore filed in accordance with
subsection (2) except for having been filed more than  twelve
months  before  the perfection of the security interest would
otherwise lapse  shall  be  deemed  to  have  been  filed  in
accordance with subsection (2).
(e) A  security  interest  which was perfected when this Act took
effect and the perfection of which was or is continued by the
filing  of  a  continuation  statement  in  accordance   with
subsection  (2)  is  a  perfected  security  interest for the
purposes of Section 9--310.
(f) After  September  first,  nineteen  hundred  sixty-five,   no
further  filing  shall be made in accordance with any statute
repealed by this Act with  respect  to  a  security  interest
perfected   when   this  Act  takes  effect,  except  that  a
certificate of payment or other satisfaction or discharge  of
a  conditional  sale  contract or a certificate of payment or
satisfaction of a chattel mortgage may be filed in accordance
with section seventy-two of  the  personal  property  law  or
section   two   hundred   thirty-eight   of   the  lien  law,
respectively, both repealed by this Act.