Public-domain · open source
OpenJurist

KRS 355.9-110

Security interests arising under Article 2 or 2A

Known as the Uniform Commercial Code

The act spans §§ 355.10-101 to 355.9-809 (686 sections).

Effective: July 1, 2001 History: Repealed and reenacted 2000 Ky

A security interest arising under KRS 355.2-401, 355.2-505, 355.2-711(3), or 355.2A- 508(5) is subject to this article. However, until the debtor obtains possession of the goods:

(1) The security interest is enforceable, even if KRS 355.9-203(2)(c) has not been satisfied;

(2) Filing is not required to perfect the security interest;

(3) The rights of the secured party after default by the debtor are governed by Article 2 or 2A of this chapter; and (4) The security interest has priority over a conflicting security interest created by the debtor.

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