ALBANY DISC. v. MOHAWK NAT. BANK


28 N.Y.2d 222 (1971)

Albany Discount Corporation, Appellant, v. Mohawk National Bank of Schenectady, Respondent.

Court of Appeals of the State of New York.

Decided April 8, 1971.


Attorney(s) appearing for the Case

Harvey M. Lifset and David F. Kunz for appellant.

Richard M. Leonard for respondent.

Chief Judge FULD and Judges BURKE, SCILEPPI, BERGAN, and JASEN concur; Judge GIBSON taking no part.


BREITEL, J.

In a contest between the assignee of a purchase-money financing sales contract and a subsequent mortgagee of a mobile home, the subsequent lienor has prevailed because the assignee had failed to make a timely refiling or equivalent provision as required by the Uniform Commercial Code in order to maintain its status as holder of a perfected security interest. The only issue is whether the mobile home...

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