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KRS 355.11-012

Definitions

Known as the Transitional Provisions for Uniform Commercial Code

The act spans §§ 355.11-011 to 355.11-108 (16 sections).

Effective: January 1, 2025 History: Created 2024 Ky

(1) In this article:

(a) "Adjustment date" means July 1, 2025; and (b) "Article 12 property" means a controllable account, controllable electronic record, or controllable payment intangible.

(2) The following definitions in other articles of this chapter apply to this article:

(a) "Controllable account." KRS 355.9-102;

(b) "Controllable electronic record." KRS 355.12-102;

(c) "Controllable payment intangible." KRS 355.9-102;

(d) "Electronic money." KRS 355.9-102; and (e) "Financing statement." KRS 355.9-102.

(3) Article 1 of this chapter contains general definitions and principles of construction and interpretation applicable throughout this article.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.