UCC Financing Statement (Co-op Shares)

NYC DOF guidance explains that UCC financing statements can show a security interest in personal property including in a cooperative corporation, and that UCC filings for co-ops are recorded by the City Register through ACRIS (while other UCCs are filed with the NYS Department of State). This reflects that co-op "ownership" is typically shares plus a proprietary lease (personal property + contract), not a deeded real property interest.