VTL 2103 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 2102 Exclusions up ARTICLE 46 Uniform Vehicle Certificate of Title Act next SECTION 2104 Certificate of title required Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email 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.