State Codes and Statutes

Statutes > New-york > Bnk > Article-8-a > 336

§ 336.  Special remedies where property is deposited. 1. Every banking  organization,  foreign   banking   corporation   or   national   banking  association  authorized  to  receive  personal property upon deposit for  safe-keeping or as bailee for storage, and which shall have received any  such property and shall have issued a receipt therefor, shall  have  the  remedies  of  a  warehouseman  as  to  such  property,  and  the banking  organization,  foreign   banking   corporation   or   national   banking  association  shall  have a lien on such deposits or the proceeds thereof  to the same extent and with the same effect, and enforceable in the same  manner, as is provided by article seven of the uniform commercial code.    2. A banking organization, foreign  banking  corporation  or  national  banking  association  holding personal property upon deposit for which a  receipt was issued by a predecessor in interest may  have  the  remedies  provided by this section.    3.  The provisions of this section shall not preclude any other remedy  by action or otherwise for the enforcement of the claim of  the  banking  organization,   foreign   banking   corporation   or   national  banking  association against the person from  whom  personal  property  has  been  received  upon  deposit  and  to  whom  a receipt shall have been issued  therefor, nor bar the right of the banking organization, foreign banking  corporation or national banking association to recover the debt  due  it  in any other lawful manner.

State Codes and Statutes

Statutes > New-york > Bnk > Article-8-a > 336

§ 336.  Special remedies where property is deposited. 1. Every banking  organization,  foreign   banking   corporation   or   national   banking  association  authorized  to  receive  personal property upon deposit for  safe-keeping or as bailee for storage, and which shall have received any  such property and shall have issued a receipt therefor, shall  have  the  remedies  of  a  warehouseman  as  to  such  property,  and  the banking  organization,  foreign   banking   corporation   or   national   banking  association  shall  have a lien on such deposits or the proceeds thereof  to the same extent and with the same effect, and enforceable in the same  manner, as is provided by article seven of the uniform commercial code.    2. A banking organization, foreign  banking  corporation  or  national  banking  association  holding personal property upon deposit for which a  receipt was issued by a predecessor in interest may  have  the  remedies  provided by this section.    3.  The provisions of this section shall not preclude any other remedy  by action or otherwise for the enforcement of the claim of  the  banking  organization,   foreign   banking   corporation   or   national  banking  association against the person from  whom  personal  property  has  been  received  upon  deposit  and  to  whom  a receipt shall have been issued  therefor, nor bar the right of the banking organization, foreign banking  corporation or national banking association to recover the debt  due  it  in any other lawful manner.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bnk > Article-8-a > 336

§ 336.  Special remedies where property is deposited. 1. Every banking  organization,  foreign   banking   corporation   or   national   banking  association  authorized  to  receive  personal property upon deposit for  safe-keeping or as bailee for storage, and which shall have received any  such property and shall have issued a receipt therefor, shall  have  the  remedies  of  a  warehouseman  as  to  such  property,  and  the banking  organization,  foreign   banking   corporation   or   national   banking  association  shall  have a lien on such deposits or the proceeds thereof  to the same extent and with the same effect, and enforceable in the same  manner, as is provided by article seven of the uniform commercial code.    2. A banking organization, foreign  banking  corporation  or  national  banking  association  holding personal property upon deposit for which a  receipt was issued by a predecessor in interest may  have  the  remedies  provided by this section.    3.  The provisions of this section shall not preclude any other remedy  by action or otherwise for the enforcement of the claim of  the  banking  organization,   foreign   banking   corporation   or   national  banking  association against the person from  whom  personal  property  has  been  received  upon  deposit  and  to  whom  a receipt shall have been issued  therefor, nor bar the right of the banking organization, foreign banking  corporation or national banking association to recover the debt  due  it  in any other lawful manner.

Categories