Loading chat...

NY S08007

Bill

Status

Engrossed

6/15/2016

Primary Sponsor

Hugh Farley

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Rules6/15/2016
Judiciary6/3/2016

Full Bill Text

No bill text available