N.Y. UCC Law § 9-107B
This is the official text of N.Y. UCC Law § 9-107B, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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No Requirement to Acknowledge or Confirm; No Duties
Official statutory text
Section 9--107B. No Requirement to Acknowledge or Confirm; No Duties.\n (a) No requirement to acknowledge. A person that has control under\nSection 9--104, 9--105, or 9--105A is not required to acknowledge that\nit has control on behalf of another person.\n (b) No duties or confirmation. If a person acknowledges that it has or\nwill obtain control on behalf of another person, unless the person\notherwise agrees or law other than this article otherwise provides, the\nperson does not owe any duty to the other person and is not required to\nconfirm the acknowledgment to any other person.\n
Status: in_force · Read it on the official government site
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