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Current as of January 01, 2024 | Updated by FindLaw Staff
This article does not apply to or affect:
(a) A lien given by statute or rule of law to a supplier of services or materials for the vehicle;
(b) A lien given by statute to the United States, this state, or any political subdivision of this state except for liens arising pursuant to section two hundred eleven of the lien law and section one hundred eleven-u of the social services law;
(c) A security interest in a vehicle created by a manufacturer or dealer who holds the vehicle for sale as distinguished from a person who holds the vehicle for lease, but a buyer in ordinary course of business from a manufacturer or a dealer who holds the vehicle for sale, whether or not he may have held it for lease, takes free of any security interest created by him in the vehicle.
(d) A security interest in a vehicle acquired by the state of New York and financed by certificates of participation pursuant to article five-A of the state finance law.
Cite this article: FindLaw.com - New York Consolidated Laws, Vehicle and Traffic Law - VAT § 2103. Excepted liens and security interests; buyer from manufacturer or dealer - last updated January 01, 2024 | https://codes.findlaw.com/ny/vehicle-and-traffic-law/vat-sect-2103/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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