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This entry was published on 2014-09-22
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SECTION 242
Non-attachment, release, discharge and subordination of liens
Lien (LIE) CHAPTER 33, ARTICLE 10-A
§ 242. Non-attachment, release, discharge and subordination of liens.
1. When a certificate of release, non-attachment, discharge or
subordination of any federal lien is presented for filing in the office
of the secretary of state, he or she shall

(a) cause a certificate of release or non-attachment to be marked or
assigned a consecutive file number, held and indexed as if such
certificate were a termination statement within the meaning of the
uniform commercial code, except that the notice of lien to which such
certificate relates shall not be removed from the files or purged from
the computerized system for a period of three years, and

(b) cause a certificate of discharge or subordination to be held,
marked or assigned a consecutive file number and indexed as if such
certificate were a release of collateral within the meaning of the
uniform commercial code.

An acceptable alternative to filing such certificate of release,
non-attachment, discharge or subordination in a paper format shall be
filing of such certificate by computerized methods established by the
secretary of state such that each certificate shall constitute a unique
computerized informational record and each such record shall be assigned
a consecutive file number, held and indexed as if such were a
termination or release as the case may require within the meaning of the
uniform commercial code.

2. When any such certificate, or a notice of revocation of any such
certificate, is presented for filing in the office of the city register
of the city of New York or the county clerk where the notice of lien is
filed, such officer shall permanently attach the certificate to the
notice of lien; and shall enter the certificate or notice, with the
date, in the federal lien index or card index system or computerized
index system on the line where the notice of lien is entered.