ยง 206. Enforcement by action; when and in what courts; procedure in
action to foreclose real property mortgage applicable in actions to
foreclose a mortgage or other lien. An action may be maintained to
foreclose a lien upon a chattel, for a sum of money, in any case where
such a lien exists at the commencement of the action. The action may be
brought in any court, of record or not of record, which would have
jurisdiction to render a judgment, in an action founded upon a contract,
for a sum equal to the amount of the lien. For the purposes of this
section and of sections two hundred seven to two hundred ten inclusive a
chattel mortgage to secure the payment of a loan of money or other debt,
or the purchase price of chattels, a contract of conditional sale of
personal property, a hiring of personal property where title is not to
vest in the person hiring until payment of a certain sum and a security
interest created by a security agreement in personal property, shall be
deemed a lien upon a chattel. The procedure in an action to foreclose a
mortgage on real property, in so far as it may be applicable, shall
apply in actions to foreclose a mortgage or other lien on chattels or
other personal property.
Structure New York Laws
Article 9 - Enforcement of Liens on Personal Property
200 - Sale of Personal Property to Satisfy a Lien.
201-A - Proceeding to Determine Validity of Liens.
202 - Sale to Be Advertised; Exception.
202-B - Pledgee May Buy at Public Sale.
204 - Disposition of Proceeds.
207 - Warrant to Seize Chattel; Proceedings Thereupon.