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MORGAN v. GORDON & CO.

210 A.D.2d 30 (1994)

618 N.Y.S.2d 817

Patrick Morgan, Respondent, v. Gordon & Co., Appellant, et al., Defendants

Appellate Division of the Supreme Court of the State of New York, First Department.

December 6, 1994

Defendants' security interest in the cooperative apartment was not perfected by the filing of UCC financing statements prior to October 1, 1988, the effective date of subdivision (7) of UCC 9-304, permitting perfection of such a security interest only by filing, and thus cannot defeat plaintiff's rights as a bona fide purchaser in physical possession of the stock certificate and proprietary lease attributable to the apartment (

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