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NY S08007
Bill
Status
6/15/2016
Primary Sponsor
Hugh Farley
Click for details
AI Summary
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Amends multiple New York statutes to update cross-references to the Uniform Commercial Code following revisions, changing references from sections 1-201, 1-105, 1-102, and 1-204 to sections 1--201, 1--301, 1--302, and 1--202.
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Updates terminology in the Lien Law and Civil Practice Law and Rules to replace the term "warehouseman" with "warehouse" in references to warehouse operators and their liability for hospital records.
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Corrects references to "creditor" and "security interest" definitions in the Arts and Cultural Affairs Law and Personal Property Law to reflect revised UCC paragraph numbering.
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Modifies the definition of "retail lease agreement" in the Personal Property Law and General Business Law to ensure such agreements do not create security interests under revised UCC definitions.
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Takes effect immediately upon enactment.
Legislative Description
Relates to making certain technical corrections relating to the UCC revisions.
Last Action
referred to judiciary
6/15/2016