(a) Consignee has consignor's rights. Except as otherwise provided in
subsection (b), for purposes of determining the rights of creditors of,
and purchasers for value of goods from, a consignee, while the goods are
in the possession of the consignee, the consignee is deemed to have
rights and title to the goods identical to those the consignor had or
had power to transfer.
(b) Applicability of other law. For purposes of determining the rights
of a creditor of a consignee, law other than this article determines the
rights and title of a consignee while goods are in the consignee's
possession if, under this part, a perfected security interest held by
the consignor would have priority over the rights of the creditor.
Structure New York Laws
Article 9 - Secured Transactions
Part 3 - Perfection and Priority
9-317 - Interests That Take Priority Over or Take Free of Security Interest or Agricultural Lien.
9-319 - Rights and Title of Consignee With Respect to Creditors and Purchasers.
9-321 - Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business
9-322 - Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral
9-324 - Priority of Purchase-Money Security Interests
9-325 - Priority of Security Interests in Transferred Collateral
9-326 - Priority of Security Interests Created by New Debtor
9-327 - Priority of Security Interests in Deposit Account
9-328 - Priority of Security Interests in Investment Property
9-329 - Priority of Security Interests in Letter-of-Credit Right
9-330 - Priority of Purchaser of Chattel Paper or Instrument
9-332 - Transfer of Money; Transfer of Funds From Deposit Account
9-333 - Priority of Certain Liens Arising by Operation of Law
9-334 - Priority of Security Interests in Fixtures and Crops
9-337 - Priority of Security Interests in Goods Covered by Certificate of Title