New York Laws
Sub Part 3 - Priority
9-321 - Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business

(a) "Licensee in ordinary course of business." In this section,
"licensee in ordinary course of business" means a person that becomes a
licensee of a general intangible in good faith, without knowledge that
the license violates the rights of another person in the general
intangible, and in the ordinary course from a person in the business of
licensing general intangibles of that kind. A person becomes a licensee
in the ordinary course if the license to the person comports with the
usual or customary practices in the kind of business in which the
licensor is engaged or with the licensor's own usual or customary
practices.
(b) Rights of licensee in ordinary course of business. A licensee in
ordinary course of business takes its rights under a nonexclusive
license free of a security interest in the general intangible created by
the licensor, even if the security interest is perfected and the
licensee knows of its existence.
(c) Rights of lessee in ordinary course of business. A lessee in
ordinary course of business takes its leasehold interest free of a
security interest in the goods created by the lessor, even if the
security interest is perfected and the lessee knows of its existence.

Structure New York Laws