New York — Statute

2120 – 2120 | New York Law

Learn about New York's 2120 law, including definitions, penalties, and legal implications.

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2120 – 2120

New York Vehicle & Traffic § 2120

Statute Summary

NY VAT § 2120 - Assignment by lienholder 2120. Assignment by lienholder. (a) A lienholder may assign, absolutely or otherwise, his security interest in the vehicle to a person other than the owner without affecting the interest of the owner or the validity of the security interest, but any person without notice of the assignment is protected in dealing with the lienholder as the holder of the security interest and the lienholder remains liable for any obligat

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In simple terms: Learn about New York's 2120 law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.