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MATTER OF RESNER v. GREELEY

212 A.D.2d 619 (1995)

622 N.Y.S.2d 330

In the Matter of Larry Resner et al., Respondents, v. Alexander J.D. Greeley et al., Appellants, and Demar Packing Corp., Respondent

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

February 14, 1995

Ordered that the order is affirmed, with costs.

Prior to the amendment of UCC 9-304 (1), a security interest in cooperative corporation shares and concomitant proprietary leases could be effectuated by either the filing of a UCC-1 financing statement or by the secured party taking possession of the subject shares (see, Matter of State Tax Commn. v Shor, 43 N.Y.2d 151, 158; UCC former 9-304 [1]). Thus, since the petitioner...

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