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This entry was published on 2014-09-22
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Sale of a security
§ 202-a. Sale of a security. A description of a security, as such term
is defined in section two hundred two, substantially similar to the
description specified in said section shall, in the absence of agreement
to the contrary and unless otherwise provided by statute, be deemed
sufficient for the purposes of a notice of sale of such security at
public auction to satisfy a lien thereon although such sale is not made
pursuant to the provisions of this article. Nothing in this section or
in section two hundred two or in section two hundred two-b shall be
construed to invalidate any sale of such a security made in accordance
with the provisions of an applicable agreement.