Court of Appeals – Uniform Commercial Code: Worthy Lending LLC v. New Style Contractors Inc.

By: Daily Record Staff January 6, 2023 Comments Off

New York State Court of Appeals Uniform Commercial Code Assignee – Holder of security interest Worthy Lending LLC v. New Style Contractors Inc. No. 86 Judge Wilson Background: At issue is whether, for purposes of Section 9-406 of New York’s Uniform Commercial Code, an assignee includes the holder of a presently exercisable security interest in an assignor’s receivables. Ruling: The Court of ...

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Court of Appeals – Uniform Commercial Code: Worthy Lending LLC v. New Style Contractors Inc.

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Court of Appeals – Uniform Commercial Code: Worthy Lending LLC v. New Style Contractors Inc.

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