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This entry was published on 2014-09-22
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SECTION 2103
Excepted liens and security interests; buyer from manufacturer or dealer
Vehicle & Traffic (VAT) CHAPTER 71, TITLE 10, ARTICLE 46
§ 2103. Excepted liens and security interests; buyer from manufacturer
or dealer. 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.