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Education Law § 6234 · Article 125. City University of New York

Perfection of security interests

Verbatim from the official edition

Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)

§ 6234. Perfection of security interests. If made in connection with the design, construction, acquisition, reconstruction, rehabilitation, lease, improvement, operation, maintenance, furnishing or equipping of community or senior college facilities, any pledge of or other security interest in moneys, earnings, income, revenues, accounts, contract rights, general intangibles or other personal property, or any other resources held, made or created by the city university or on its behalf by any duly authorized officer, employee or agent thereof, or by any other person to secure such person's obligations to the city university, shall be valid, binding and perfected from the time when such pledge or other security interest attaches, without any physical delivery of the collateral or further act. The lien of any such pledge or other security interest shall be valid, binding and perfected as against all parties having claims of any kind in tort, contract or otherwise against the city university irrespective of whether or not such parties have notice thereof. No instrument by which such a pledge or security interest is created nor any financing statement need be recorded or filed. This section shall apply notwithstanding the provisions of the uniform commercial code.

Source of truth

Edition
Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
Official file
https://legislation.nysenate.gov/pdf/laws/EDN6234
Text hash
sha256 d5037f7fb1b4cff5d9a39d59e96929cf0e35afced4831015eabb31a49fa5419b
Composed by
gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.