2006 New York Code - Contents Of Financing Statement; Record Of Mortgage As Financing Statement; Time Of Filing Financing Statement; Contents Of Cooperative Addendum

 
  Section 9--502. Contents  of  Financing Statement; Record of Mortgage as
                    Financing  Statement;   Time   of   Filing   Financing
                    Statement; Contents of Cooperative Addendum.
    (a) Sufficiency  of  financing statement. Subject to subsection (b), a
  financing statement is sufficient only if it:
         (1) provides the name of the debtor;
         (2) provides the name of the secured party or a representative of
             the secured party;
         (3) indicates the collateral covered by the financing  statement;
             and
         (4) in  the  case of a cooperative interest, indicates the number
             or  other  designation  and  the  street   address   of   the
             cooperative unit.
    (b) Real-property-related  financing  statements.  Except as otherwise
  provided in Section 9--501(b), to be sufficient, a  financing  statement
  that  covers  as-extracted  collateral  or timber to be cut, or which is
  filed as a fixture filing and covers goods that are  or  are  to  become
  fixtures,  or,  unless  a  cooperative addendum is filed, which covers a
  cooperative interest, must satisfy subsection (a) and also:
         (1) indicate that it covers this type of collateral;
         (2) indicate that it is to be filed in the real property records;
         (3) provide a description of  the  real  property  to  which  the
             collateral  is  related,  including  the location of the real
             estate by reference to a book and page number in  a  deed  or
             mortgage index maintained in the county clerk's office in the
             county  where the property is situate or by street and number
             and town or city, or, if the real estate is in  the  city  of
             New York, by county, except that if the real estate is in the
             city of New York or counties of Nassau or Onondaga, where the
             block   system  of  recording  or  registering  and  indexing
             conveyances is in use, the statement must  also  specify  the
             block  and  lot  number in which the real estate is situated;
             and
         (4) if the debtor does not have an interest of record in the real
             property, provide the name of a record owner.
    (c) Record of mortgage as financing statement. A record of a  mortgage
  is effective, from the date of recording, as a financing statement filed
  as  a  fixture  filing or as a financing statement covering as-extracted
  collateral or timber to be cut only if:
         (1) the record indicates the goods or accounts that it covers;
         (2) the goods are or are to become fixtures related to  the  real
             property described in the record or the collateral is related
             to   the  real  property  described  in  the  record  and  is
             as-extracted collateral or timber to be cut;
         (3) the  record  satisfies  the  requirements  for  a   financing
             statement in this section other than an indication that it is
             to be filed in the real property records; and
         (4) the record is duly recorded.
    (d) Filing  before  security  agreement  or  attachment.  A  financing
  statement may be filed before a security agreement is made or a security
  interest otherwise attaches.
    (e) Contents  of  cooperative  addendum.  A  cooperative  addendum  is
  sufficient only if it satisfies subsection (a) and also:
         (1) if  not  filed  simultaneously  with  the  initial  financing
             statement,  identifies,  by  its  file  number,  the  initial
             financing statement to which the addendum relates;
         (2) indicates the street address of the cooperative unit;
         (3) indicates  the  county  in  which  the  cooperative  unit  is
             located;
         (4) indicates the city, town, or village in which the cooperative
             unit is located;
         (5) indicates  the  real property tax designation associated with
             the real property in which the cooperative unit is located as
             assigned by the local real property tax assessing  authority;
             and
         (6) indicates the name of the cooperative organization.