2022 New York Laws
DCD - Debtor and Creditor
Article 10 - Uniform Voidable Transactions Act.
275 - When Transfer Is Made or Obligation Is Incurred.

§  275.  When  transfer  is  made  or  obligation is incurred. For the
purposes of this article:
  (a) a transfer is made:
  (1) with respect to an asset  that  is  real  property  other  than  a
fixture,  but  including  the  interest of a seller or purchaser under a
contract for the sale  of  the  asset,  when  the  transfer  is  so  far
perfected  that  a  good-faith  purchaser  of  the asset from the debtor
against which applicable law permits the transfer to be perfected cannot
acquire an interest in the asset that is superior to the interest of the
transferee; and
  (2) with respect to an asset that is not real property or  that  is  a
fixture,  when  the  transfer  is  so far perfected that a creditor on a
simple contract cannot acquire a judicial lien otherwise than under this
article that is superior to the interest of the transferee;
  (b) if applicable law permits the transfer to be perfected as provided
in subdivision (a) of this section and the transfer is not so  perfected
before  the commencement of an action for relief under this article, the
transfer is deemed made  immediately  before  the  commencement  of  the
action;
  (c)  if applicable law does not permit the transfer to be perfected as
provided in subdivision (a) of this section, the transfer is  made  when
it becomes effective between the debtor and the transferee;
  (d) a transfer is not made until the debtor has acquired rights in the
asset transferred; and
  (e) an obligation is incurred:
  (1) if oral, when it becomes effective between the parties; or
  (2) if evidenced by a record, when the record signed by the obligor is
delivered to or for the benefit of the obligee.