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KRS 355.9-310

When filing required to perfect security interest or agricultural lien -- Security interests and agricultural liens to which filing provisions do not apply

Known as the Uniform Commercial Code

The act spans §§ 355–355 (686 sections).

Effective: January 1, 2025 History: Amended 2024 Ky

(1) Except as otherwise provided in subsection (2) of this section and KRS 355.9- 312(2), a financing statement must be filed to perfect all security interests and agricultural liens.

(2) The filing of a financing statement is not necessary to perfect a security interest:

(a) That is perfected under KRS 355.9-308(4), (5), (6), or (7);

(b) That is perfected under KRS 355.9-309 when it attaches;

(c) In property subject to a statute, regulation, or treaty described in KRS 355.9- 311(1);

(d) In goods in possession of a bailee which is perfected under KRS 355.9- 312(4)(a) or (b);

(e) In certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under KRS 355.9-312(5), (6), or (7);

(f) In collateral in the secured party's possession under KRS 355.9-313;

(g) In a certificated security which is perfected by delivery of the security certificate to the secured party under KRS 355.9-313;

(h) In controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property, or letter-of-credit rights which is perfected by control under KRS 355.9-314;

(i) In proceeds which is perfected under KRS 355.9-315;

(j) That is perfected under KRS 355.9-316; or (k) In chattel paper which is perfected by possession and control under KRS 355.9-3141.

(3) If a secured party assigns a perfected security interest or agricultural lien, a filing under this article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.

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