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N.Y. U.C.C. 9-319

Rights and Title of Consignee with Respect to Creditors and Purchasers

Known as the Uniform Commercial Code

The act spans §§ 1–12 (253 sections).

Applied in 1 court decision — leading case Jacobs v. Kraken Investment Ltd. (In re Salander-O'Reilly Galleries, LLC) (2014)

Most recently applied in Jacobs v. Kraken Investment Ltd. (In re Salander-O'Reilly Galleries, LLC) (March 2014)

2014-09-22

Section 9--319. Rights and Title of Consignee with Respect to Creditors\n and Purchasers.\n (a) Consignee has consignor's rights. Except as otherwise provided in\nsubsection (b), for purposes of determining the rights of creditors of,\nand purchasers for value of goods from, a consignee, while the goods are\nin the possession of the consignee, the consignee is deemed to have\nrights and title to the goods identical to those the consignor had or\nhad power to transfer.\n (b) Applicability of other law. For purposes of determining the rights\nof a creditor of a consignee, law other than this article determines the\nrights and title of a consignee while goods are in the consignee's\npossession if, under this part, a perfected security interest held by\nthe consignor would have priority over the rights of the creditor.\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.