Effectiveness of filed record
Known as the Uniform Commercial Code
The act spans §§ 355–355 (686 sections).
Applied in 1 court decision — leading case Official Committee of Unsecured Creditors of Motors Liquidation Co. v. JPMorgan Chase Bank, N.A. (In re Motors Liquidation Co.) (2013)
Most recently applied in Official Committee of Unsecured Creditors of Motors Liquidation Co. v. JPMorgan Chase Bank, N.A. (In re Motors Liquidation Co.) (March 2013)
Effective: July 1, 2013 History: Amended 2012 Ky
(1) A filed record is effective only to the extent that it was filed by a person that may file it under KRS 355.9-509 or 355.9-513A.
(2) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.
(3) A continuation statement that is not filed within the six (6) month period prescribed by KRS 355.9-515(4) is ineffective.
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.