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N.Y. C.P.L.R. 1314

Attaching creditor's rights in personal property

2014-09-22

§ 1314. Attaching creditor's rights in personal property. Where the\nclaiming authority has delivered an order of attachment to a claiming\nagent, the claiming authority's rights in a debt owed to a defendant or\nin an interest of a defendant in personal property against which debt or\nproperty a judgment may be enforced, are superior to the extent of the\namount of the attachment to the rights of any transferee of the debt or\nproperty, except:\n 1. A transferee who acquired the debt or property before it was levied\nupon for fair consideration and without knowledge of the order of\nattachment; or\n 2. A transferee who acquired the debt or property for fair\nconsideration after it was levied upon without knowledge of the levy\nwhile it was not in the possession of the claiming agent.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.