N.Y. Lien Law 200 – Sale of personal property to satisfy a lien
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§ 200. Sale of personal property to satisfy a lien. A lien against personal property, other than the lien of a warehouse pursuant to section 7–209 of the uniform commercial code, the lien of a carrier pursuant to section 7–307 of the uniform commercial code, a security interest in goods and the lien of a keeper of a hotel, apartment hotel, inn, boarding-house or lodging-house, except an immigrant lodging-house, if in the legal possession of the lienor, may be satisfied by the sale of such property according to the provisions of this article.
Terms Used In N.Y. Lien Law 200
- Lien: A claim against real or personal property in satisfaction of a debt.
- Personal property: All property that is not real property.
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC