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KRS 355.9-401

Alienability of debtor's rights

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Effective: July 1, 2001 History: Repealed and reenacted 2000 Ky

(1) Except as otherwise provided in subsection (2) of this section and KRS 355.9-406, 355.9-407, 355.9-408, and 355.9-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article.

(2) An agreement between the debtor and secured party which prohibits a transfer of the debtor's rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.

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