New York’s UCC Amendments Are Live: What Secured Lenders Need to Know About Digital Asset Collateral
John Norton, a 2026 summer associate with Troutman Pepper Locke who is not admitted to practice law in any jurisdiction, also contributed to this article.
Key Points
- New York’s UCC amendments, effective June 3, 2026, add Article 12 and allow for an additional perfection method, “control,” for controllable electronic records (CERs) used as collateral.
- A security interest perfected by control of a CER has priority over one perfected only by filing a UCC-1 financing statement, even if the filing came