2006 New York Code - Creditor\'s Legal Process.



 
  Section 8--112. Creditor's Legal Process.
    (a) The interest of a debtor in a certificated security may be reached
  by  a creditor only by actual seizure of the security certificate by the
  officer making the attachment or levy, except as otherwise  provided  in
  subsection  (d).    However,  a  certificated  security  for  which  the
  certificate has been surrendered to the  issuer  may  be  reached  by  a
  creditor by legal process upon the issuer.
    (b) The  interest  of  a  debtor  in an uncertificated security may be
  reached by a creditor only by legal process upon the issuer at its chief
  executive office in the United States, except as otherwise  provided  in
  subsection (d).
    (c) The  interest of a debtor in a security entitlement may be reached
  by a creditor only by legal process  upon  the  securities  intermediary
  with  whom  the  debtor's  securities  account  is maintained, except as
  otherwise provided in subsection (d).
    (d) The interest of a debtor in a certificated security for which  the
  certificate  is  in  the  possession  of  a  secured  party,  or  in  an
  uncertificated security registered in the name of a secured party, or  a
  security  entitlement  maintained in the name of a secured party, may be
  reached by a creditor by legal process upon the secured party.
    (e) A creditor whose debtor is the owner of a  certificated  security,
  uncertificated security, or security entitlement is entitled to aid from
  a  court  of  competent  jurisdiction,  by  injunction  or otherwise, in
  reaching the certificated security, uncertificated security, or security
  entitlement or in satisfying the claim by means allowed  at  law  or  in
  equity  in  regard  to  property that cannot readily be reached by other
  legal process.

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