Uniform Commercial Code
Kentucky · Uniform Commercial Code · §§ 355.10-101 to 355.9-809 · 686 sections
Overview
The Uniform Commercial Code governs commercial transactions, with the provisions here covering the sale of goods and the treatment of certain electronic records that function as payment or account rights. For sales, it supplies default rules that fill gaps in contracts — price, delivery, timing, and payment terms — alongside requirements for contract formation and modification, a statute of frauds, limits on the use of extrinsic evidence, and rules on when acceptance with added terms creates a binding agreement. It also establishes warranties that attach to a sale, including title, express warranties created by description or sample, and implied warranties of merchantability and fitness for a particular purpose, and it empowers courts to refuse enforcement of unconscionable terms.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 455 court decisions.
Most-cited authority: 171 SW3D 4 - Farmers Bank & Trust Co. of Georgetown v. Willmott Hardwoods, Inc.
Sections covered
Showing the first 400 of 686 sections — browse the full code.
- KRS 355.10-101Provision for transition
- KRS 355.10-102Laws not repealed
- KRS 355.1-101Short titles11 cites
- KRS 355.1-102Scope of article
- KRS 355.1-103Construction of code to promote its purposes and policies -- Applicability of supplemental principles of law -- Use of official comments
- KRS 355.1-104Construction against implicit repeal1 cite
- KRS 355.1-105Severability
- KRS 355.1-106Use of singular and plural -- Gender
- KRS 355.1-107Section headnotes
- KRS 355.1-108Relation to Electronic Signatures in Global and National Commerce Act
- KRS 355.1-109Repealed, 2006
- KRS 355.1-110Repealed, 2006
- KRS 355.1-201General definitions
- KRS 355.1-202Notice -- Knowledge
- KRS 355.1-203Lease distinguished from security interest
- KRS 355.1-204Value
- KRS 355.1-205Reasonable time -- Seasonableness
- KRS 355.1-206Presumptions
- KRS 355.1-207Repealed, 2006
- KRS 355.1-208Repealed, 2006
- KRS 355.1-209Repealed, 2006
- KRS 355.12-101Short title
- KRS 355.12-102Definitions
- KRS 355.12-103Relation to Article 9 and consumer laws
- KRS 355.12-104Rights in controllable account, controllable electronic record, and controllable payment intangible
- KRS 355.12-105Control of controllable electronic record
- KRS 355.12-106Discharge of account debtor on controllable account or controllable payment intangible
- KRS 355.12-107Governing law
- KRS 355.1-301Parties' power to choose applicable law -- Exceptions
- KRS 355.1-302Variation by agreement1 cite
- KRS 355.1-303Course of performance -- Course of dealing -- Usage of trade
- KRS 355.1-304Obligation of good faith3 cites
- KRS 355.1-305Remedies to be liberally administered1 cite
- KRS 355.1-306Waiver or renunciation of claim or right after breach
- KRS 355.1-307Prima facie evidence by third-party documents
- KRS 355.1-308Performance or acceptance under reservation of rights
- KRS 355.1-309Option to accelerate at will
- KRS 355.1-310Subordinated obligations
- KRS 355.2-101Short title1 cite
- KRS 355.2-102Scope -- Certain security and other transactions excluded from this article
- KRS 355.2-103Definitions and index of definitions9 cites
- KRS 355.2-104Definitions: "merchant" -- "Between merchants" -- "Financing agency."1 cite
- KRS 355.2-105Definitions: transferability -- "Goods" -- "Future" goods -- "Lot" -- "Commercial unit."9 cites
- KRS 355.2-106Definitions -- "Contract" -- "Agreement" -- "Contract for sale" -- "Sale" -- "Present sale" -- "Conforming" to contract -- "Termination" -- "Cancellation" -- "Hybrid transaction."3 cites
- KRS 355.2-107Goods to be severed from realty -- Recording6 cites
- KRS 355.2-201Formal requirements -- Statute of frauds22 cites
- KRS 355.2-202Final expression -- Parol or extrinsic evidence7 cites
- KRS 355.2-203Seals inoperative
- KRS 355.2-204Formation in general7 cites
- KRS 355.2-205Firm offers1 cite
- KRS 355.2-206Offer and acceptance in formation of contract1 cite
- KRS 355.2-207Additional terms in acceptance or confirmation4 cites
- KRS 355.2-208Repealed, 2006
- KRS 355.2-209Modification, rescission, and waiver3 cites
- KRS 355.2-210Delegation of performance -- Assignment of rights
- KRS 355.2-301General obligations of parties3 cites
- KRS 355.2-302Unconscionable contract or clause1 cite
- KRS 355.2-303Allocation or division of risks
- KRS 355.2-304Price payable in money, goods, realty, or otherwise
- KRS 355.2-305Open price term1 cite
- KRS 355.2-306Output, requirements and exclusive dealings4 cites
- KRS 355.2-307Delivery in single lot or several lots
- KRS 355.2-308Absence of specified place for delivery
- KRS 355.2-309Absence of specific time provisions -- Notice of termination3 cites
- KRS 355.2-310Open time for payment or running of credit -- Authority to ship under reservation1 cite
- KRS 355.2-311Options and cooperation respecting performance
- KRS 355.2-312Warranty of title and against infringement -- Buyer's obligation against infringement2 cites
- KRS 355.2-313Express warranties by affirmation, promise, description, sample16 cites
- KRS 355.2-314Implied warranty: merchantability -- Usage of trade19 cites
- KRS 355.2-315Implied warranty: fitness for particular purpose10 cites
- KRS 355.2-316Exclusion or modification of warranties22 cites
- KRS 355.2-317Cumulation and conflict of warranties express or implied1 cite
- KRS 355.2-318Third party beneficiaries of warranties express or implied19 cites
- KRS 355.2-319F.O.B. and F.A.S. terms2 cites
- KRS 355.2-320C.I.F. and C. & F. terms
- KRS 355.2-321C.I.F. or C. & F.: "Net landed weights" -- "Payment on arrival" -- Warranty of condition on arrival
- KRS 355.2-322Delivery "ex-ship."
- KRS 355.2-323Form of bill of lading required in overseas shipment -- "Overseas."
- KRS 355.2-324"No arrival, no sale" term
- KRS 355.2-325"Letter of credit" term -- "Confirmed credit."
- KRS 355.2-326Sale on approval and sale or return -- Rights of creditors5 cites
- KRS 355.2-327Special incidents of sale on approval and sale or return
- KRS 355.2-328Sale by auction3 cites
- KRS 355.2-401Passing of title -- Reservation for security -- Limited application of this section20 cites
- KRS 355.2-402Rights of seller's creditors against sold goods
- KRS 355.2-403Power to transfer -- Good faith purchase of goods -- "Entrusting."10 cites
- KRS 355.2-501Insurable interest in goods -- Manner of identification of goods1 cite
- KRS 355.2-502Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency
- KRS 355.2-503Manner of seller's tender of delivery
- KRS 355.2-504Shipment by seller1 cite
- KRS 355.2-505Seller's shipment under reservation
- KRS 355.2-506Rights of financing agency
- KRS 355.2-507Effect of seller's tender -- Delivery on condition4 cites
- KRS 355.2-508Cure by seller of improper tender or delivery -- Replacement1 cite
- KRS 355.2-509Risk of loss in the absence of breach
- KRS 355.2-510Effect of breach on risk of loss
- KRS 355.2-511Tender of payment by buyer -- Payment by check1 cite
- KRS 355.2-512Payment by buyer before inspection
- KRS 355.2-513Buyer's right to inspection of goods
- KRS 355.2-514When documents deliverable on acceptance -- When on payment
- KRS 355.2-515Preserving evidence of goods in dispute
- KRS 355.2-601Buyer's rights on improper delivery3 cites
- KRS 355.2-602Manner and effect of rightful rejection2 cites
- KRS 355.2-603Merchant buyer's duties as to rightfully rejected goods
- KRS 355.2-604Buyer's options as to salvage of rightfully rejected goods
- KRS 355.2-605Waiver of buyer's objections by failure to particularize1 cite
- KRS 355.2-606What constitutes acceptance of goods4 cites
- KRS 355.2-607Effect of acceptance -- Notice of breach -- Burden of establishing breach after acceptance -- Notice of claim or litigation to person answerable over7 cites
- KRS 355.2-608Revocation of acceptance in whole or in part8 cites
- KRS 355.2-609Right to adequate assurance of performance4 cites
- KRS 355.2-610Anticipatory repudiation1 cite
- KRS 355.2-611Retraction of anticipatory repudiation
- KRS 355.2-612"Installment contract" -- Breach
- KRS 355.2-613Casualty to identified goods
- KRS 355.2-614Substituted performance
- KRS 355.2-615Excuse by failure of presupposed conditions2 cites
- KRS 355.2-616Procedure on notice claiming excuse
- KRS 355.2-701Remedies for breach of collateral contracts not impaired
- KRS 355.2-702Seller's remedies on discovery of buyer's insolvency11 cites
- KRS 355.2-703Seller's remedies in general6 cites
- KRS 355.2-704Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods1 cite
- KRS 355.2-705Seller's stoppage of delivery in transit or otherwise1 cite
- KRS 355.2-706Seller's resale including contract for resale2 cites
- KRS 355.2-707"Person in the position of a seller."
- KRS 355.2-708Seller's damages for nonacceptance or repudiation1 cite
- KRS 355.2-709Action for the price4 cites
- KRS 355.2-710Seller's incidental damages
- KRS 355.2-711Buyer's remedies in general -- Buyer's security interest in rejected goods5 cites
- KRS 355.2-712"Cover" -- Buyer's procurement of substitute goods3 cites
- KRS 355.2-713Buyer's damages for nondelivery or repudiation
- KRS 355.2-714Buyer's damages for breach in regard to accepted goods9 cites
- KRS 355.2-715Buyer's incidental and consequential damages13 cites
- KRS 355.2-716Buyer's right to specific performance or replevin
- KRS 355.2-717Deduction of damages from the price
- KRS 355.2-718Liquidation or limitation of damages -- Deposits7 cites
- KRS 355.2-719Contractual modification or limitation of remedy11 cites
- KRS 355.2-720Effect of "cancellation" or "rescission" on claims for antecedent breach
- KRS 355.2-721Remedies for fraud
- KRS 355.2-722Who can sue third parties for injury to goods
- KRS 355.2-723Proof of market price: time and place1 cite
- KRS 355.2-724Admissibility of market quotations1 cite
- KRS 355.2-725Statute of limitations in contracts for sale22 cites
- KRS 355.2A-101Short title
- KRS 355.2A-102Scope
- KRS 355.2A-103Definitions and index of definitions
- KRS 355.2A-104Lease subject to other law
- KRS 355.2A-105Territorial application of article to goods covered by certificate of title
- KRS 355.2A-106Limitation on power of parties to consumer lease to choose applicable law and judicial forum
- KRS 355.2A-107Waiver or renunciation of claim or right after default
- KRS 355.2A-108Unconscionability
- KRS 355.2A-109Option to accelerate at will
- KRS 355.2A-110Use of comments
- KRS 355.2A-201Statute of frauds
- KRS 355.2A-202Final expression -- Parol or extrinsic evidence1 cite
- KRS 355.2A-203Seals inoperative
- KRS 355.2A-204Formation in general
- KRS 355.2A-205Firm offers
- KRS 355.2A-206Offer and acceptance in formation of lease contract
- KRS 355.2A-207Repealed, 2006
- KRS 355.2A-208Modification, rescission, and waiver
- KRS 355.2A-209Lessee under finance lease as beneficiary of supply contract
- KRS 355.2A-210Express warranties
- KRS 355.2A-211Warranties against interference and against infringement -- Lessee's obligation against infringement
- KRS 355.2A-212Implied warranty of merchantability1 cite
- KRS 355.2A-213Implied warranty of fitness for particular purpose
- KRS 355.2A-214Exclusion or modification of warranties1 cite
- KRS 355.2A-215Cumulation and conflict of warranties express or implied
- KRS 355.2A-216Third-party beneficiaries of express and implied warranties
- KRS 355.2A-217Identification
- KRS 355.2A-218Insurance and proceeds
- KRS 355.2A-219Risk of loss
- KRS 355.2A-220Effect of default on risk of loss
- KRS 355.2A-221Casualty to identified goods
- KRS 355.2A-301Enforceability of lease contract
- KRS 355.2A-302Title to and possession of goods
- KRS 355.2A-303Alienability of party's interest under lease contract or of lessor's residual interest in goods -- Delegation of performance -- Transfer of rights
- KRS 355.2A-304Subsequent lease of goods by lessor
- KRS 355.2A-305Sale or sublease of goods by lessee
- KRS 355.2A-306Priority of certain liens arising by operation of law
- KRS 355.2A-307Priority of liens arising by attachment or levy on, security interests in, and other claims to goods
- KRS 355.2A-308Special rights of creditors
- KRS 355.2A-309Lessor's and lessee's rights when goods become fixtures
- KRS 355.2A-310Lessor's and lessee's rights when goods become accessions
- KRS 355.2A-311Priority subject to subordination
- KRS 355.2A-401Insecurity: adequate assurance of performance
- KRS 355.2A-402Anticipatory repudiation
- KRS 355.2A-403Retraction of anticipatory repudiation
- KRS 355.2A-404Substituted performance
- KRS 355.2A-405Excused performances
- KRS 355.2A-406Procedure on excused performance
- KRS 355.2A-407Irrevocable promises: finance leases
- KRS 355.2A-501Default procedure
- KRS 355.2A-502Notice after default
- KRS 355.2A-503Modification or impairment of rights and remedies
- KRS 355.2A-504Liquidation of damages
- KRS 355.2A-505Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies
- KRS 355.2A-506Statute of limitations
- KRS 355.2A-507Proof of market rent: time and place1 cite
- KRS 355.2A-508Lessee's remedies
- KRS 355.2A-509Lessee's rights on improper delivery -- Rightful rejection
- KRS 355.2A-510Installment lease contracts: rejection and default
- KRS 355.2A-511Merchant lessee's duties as to rightfully rejected goods
- KRS 355.2A-512Lessee's duties as to rightfully rejected goods
- KRS 355.2A-513Cure by lessor of improper tender or delivery -- Replacement
- KRS 355.2A-514Waiver of lessee's objections
- KRS 355.2A-515Acceptance of goods
- KRS 355.2A-516Effect of acceptance of goods -- Notice of default -- Burden of establishing default after acceptance -- Notice of claim or litigation to person answerable over
- KRS 355.2A-517Revocation of acceptance of goods
- KRS 355.2A-518Cover -- Substitute goods
- KRS 355.2A-519Lessee's damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods
- KRS 355.2A-520Lessee's incidental and consequential damages
- KRS 355.2A-521Lessee's right to specific performance or replevin
- KRS 355.2A-522Lessee's right to goods on lessor's insolvency
- KRS 355.2A-523Lessor's remedies
- KRS 355.2A-524Lessor's right to identify goods to lease contract
- KRS 355.2A-525Lessor's right to possession of goods
- KRS 355.2A-526Lessor's stoppage of delivery in transit or otherwise
- KRS 355.2A-527Lessor's rights to dispose of goods
- KRS 355.2A-528Lessor's damages for nonacceptance, failure to pay repudiation, or other default
- KRS 355.2A-529Lessor's action for rent
- KRS 355.2A-530Lessor's incidental damages
- KRS 355.2A-531Standing to sue third parties for injury to goods
- KRS 355.2A-532Lessor's rights to residual interest
- KRS 355.3-101Short title
- KRS 355.3-102Subject matter
- KRS 355.3-103Definitions
- KRS 355.3-104Negotiable instrument
- KRS 355.3-105Issue of instrument
- KRS 355.3-106Unconditional promise or order
- KRS 355.3-107Instrument payable in foreign money
- KRS 355.3-108Payable on demand or at definite time
- KRS 355.3-109Payable to bearer or order
- KRS 355.3-110Identification of person to whom instrument is payable
- KRS 355.3-111Place of payment
- KRS 355.3-112Interest
- KRS 355.3-113Date of instrument
- KRS 355.3-114Contradictory terms of instrument
- KRS 355.3-115Incomplete instrument
- KRS 355.3-116Joint and several liability -- Contribution
- KRS 355.3-117Other agreements affecting instrument
- KRS 355.3-118Statute of limitations
- KRS 355.3-119Notice of right to defend action
- KRS 355.3-120Repealed, 1997
- KRS 355.3-121Repealed, 1997
- KRS 355.3-122Repealed, 1997
- KRS 355.3-201Negotiation
- KRS 355.3-202Negotiation subject to rescission
- KRS 355.3-203Transfer of instrument -- Rights acquired by transfer
- KRS 355.3-204Indorsement
- KRS 355.3-205Special indorsement -- Blank indorsement -- Anomalous indorsement
- KRS 355.3-206Restrictive indorsement
- KRS 355.3-207Reacquisition
- KRS 355.3-208Repealed, 1997
- KRS 355.3-301Person entitled to enforce instrument
- KRS 355.3-302Holder in due course
- KRS 355.3-303Value and consideration
- KRS 355.3-304Overdue instrument
- KRS 355.3-305Defenses and claims in recoupment
- KRS 355.3-306Claims to an instrument
- KRS 355.3-307Notice of breach of fiduciary duty
- KRS 355.3-308Proof of signatures and status as holder in due course1 cite
- KRS 355.3-309Enforcement of lost, destroyed, or stolen instrument2 cites
- KRS 355.3-310Effect of instrument on obligation for which taken1 cite
- KRS 355.3-311Accord and satisfaction by use of instrument5 cites
- KRS 355.3-312Lost, destroyed, or stolen cashier's check, teller's check, or certified check
- KRS 355.3-401Signature necessary for liability on instrument
- KRS 355.3-402Signature by representative
- KRS 355.3-403Unauthorized signature
- KRS 355.3-404Impostors -- Fictitious payees
- KRS 355.3-405Employer's responsibility for fraudulent indorsement by employee
- KRS 355.3-406Negligence contributing to forged signature or alteration of instrument
- KRS 355.3-407Alteration
- KRS 355.3-408Drawee not liable on unaccepted draft
- KRS 355.3-409Acceptance of draft -- Certified check
- KRS 355.3-410Acceptance varying draft
- KRS 355.3-411Refusal to pay cashier's checks, teller's checks, and certified checks
- KRS 355.3-412Obligation of issuer of note or cashier's check
- KRS 355.3-413Obligation of acceptor
- KRS 355.3-414Obligation of drawer
- KRS 355.3-415Obligation of indorser
- KRS 355.3-416Transfer warranties
- KRS 355.3-417Presentment warranties
- KRS 355.3-418Payment or acceptance by mistake
- KRS 355.3-419Instruments signed for accommodation
- KRS 355.3-420Conversion of instrument6 cites
- KRS 355.3-501Presentment
- KRS 355.3-502Dishonor
- KRS 355.3-503Notice of dishonor
- KRS 355.3-504Excused presentment and notice of dishonor
- KRS 355.3-505Evidence of dishonor
- KRS 355.3-506Repealed, 1997
- KRS 355.3-507Repealed, 1997
- KRS 355.3-508Repealed, 1997
- KRS 355.3-509Repealed, 1997
- KRS 355.3-510Repealed, 1997
- KRS 355.3-511Repealed, 1997
- KRS 355.3-601Discharge and effect of dishonor
- KRS 355.3-602Payment
- KRS 355.3-603Tender of payment
- KRS 355.3-604Discharge by cancellation or renunciation
- KRS 355.3-605Discharge of secondary obligors
- KRS 355.3-606Repealed, 1997
- KRS 355.3-701Repealed, 1998, retroactive to January 1, 1997
- KRS 355.3-801Repealed, 1998, retroactive to January 1, 1997
- KRS 355.3-802Repealed, 1998, retroactive to January 1, 1997
- KRS 355.3-803Repealed, 1998, retroactive to January 1, 1997
- KRS 355.3-804Repealed, 1998, retroactive to January 1, 1997
- KRS 355.3-805Repealed, 1998, retroactive to January 1, 1997
- KRS 355.4-101Short title
- KRS 355.4-102Applicability
- KRS 355.4-103Variation by agreement -- Measure of damages -- Action constituting ordinary care5 cites
- KRS 355.4-104Definitions and index of definitions4 cites
- KRS 355.4-105"Depositary bank" -- "Payor bank" -- "Intermediary bank" -- "Collecting bank" -- "Presenting bank."1 cite
- KRS 355.4-106Payable through or payable at bank -- Collecting bank
- KRS 355.4-107Separate office of a bank
- KRS 355.4-108Time of receipt of items
- KRS 355.4-109Delays
- KRS 355.4-110Electronic presentment
- KRS 355.4-111Statute of limitations1 cite
- KRS 355.4-201Status of collecting bank as agent and provisional status of credits -- Applicability of article -- Item indorsed "pay any bank."
- KRS 355.4-202Responsibility for collection or return -- When action timely2 cites
- KRS 355.4-203Effect of instructions
- KRS 355.4-204Methods of sending and presenting -- Sending directly to payor bank
- KRS 355.4-205Depositary bank holder of unindorsed item
- KRS 355.4-206Transfer between banks
- KRS 355.4-207Transfer warranties
- KRS 355.4-208Presentment warranties
- KRS 355.4-209Encoding and retention warranties
- KRS 355.4-210Security interest of collecting bank in items, accompanying documents, and proceeds
- KRS 355.4-211When bank gives value for purposes of holder in due course
- KRS 355.4-212Presentment by notice of item not payable by, through, or at bank -- Liability of drawer or indorser
- KRS 355.4-213Medium and time of settlement by bank
- KRS 355.4-214Right of charge-back or refund -- Liability of collecting bank -- Return of item
- KRS 355.4-215Final payment of item by payor bank -- When provisional debits and credits become final -- When certain credits become available for withdrawal
- KRS 355.4-216Insolvency and preference
- KRS 355.4-301Deferred posting -- Recovery of payment by return of items -- Time of dishonor -- Return of items by payor bank1 cite
- KRS 355.4-302Payor bank's responsibility for late return of item4 cites
- KRS 355.4-303When items subject to notice, stop-payment order, legal process, or setoff -- Order in which items may be charged or certified1 cite
- KRS 355.4-401When bank may charge customer's account4 cites
- KRS 355.4-402Bank's liability to customer for wrongful dishonor -- Time of determining insufficiency of account5 cites
- KRS 355.4-403Customer's right to stop payment -- Burden of proof of loss1 cite
- KRS 355.4-404Bank not obligated to pay check more than six months old
- KRS 355.4-405Death or incompetence of customer
- KRS 355.4-406Customer's duty to discover and report unauthorized signature or alteration6 cites
- KRS 355.4-407Payor bank's right to subrogation on improper payment1 cite
- KRS 355.4-501Handling of documentary drafts -- Duty to send for presentment and to notify customer of dishonor
- KRS 355.4-502Presentment of "on arrival" drafts
- KRS 355.4-503Responsibility of presenting bank for documents and goods -- Report of reasons for dishonor -- Referee in case of need
- KRS 355.4-504Privilege of presenting bank to deal with goods -- Security interest for expenses
- KRS 355.4A-101Short title1 cite
- KRS 355.4A-102Subject matter
- KRS 355.4A-103Payment order -- Definitions
- KRS 355.4A-104Funds transfer -- Definitions
- KRS 355.4A-105Other definitions
- KRS 355.4A-106Time payment order is received
- KRS 355.4A-107Federal Reserve regulations and operating circulars
- KRS 355.4A-108Exclusion of consumer transactions
- KRS 355.4A-201Security procedure
- KRS 355.4A-202Authorized and verified payment orders
- KRS 355.4A-203Unenforceability of certain verified payment orders
- KRS 355.4A-204Refund of payment and duty of customer to report with respect to unauthorized payment order
- KRS 355.4A-205Erroneous payment orders
- KRS 355.4A-206Transmission of payment order through funds -- Transfer or other communication system
- KRS 355.4A-207Misdescription of beneficiary
- KRS 355.4A-208Misdescription of intermediary bank or beneficiary's bank
- KRS 355.4A-209Acceptance of payment order
- KRS 355.4A-210Rejection of payment order
- KRS 355.4A-211Cancellation and amendment of payment order1 cite
- KRS 355.4A-212Liability and duty of receiving bank regarding unaccepted payment order
- KRS 355.4A-301Execution and execution date
- KRS 355.4A-302Obligation of receiving bank in execution of payment order
- KRS 355.4A-303Erroneous execution of payment order
- KRS 355.4A-304Duty of sender to report erroneously executed payment order
- KRS 355.4A-305Liability for late or improper execution or failure to execute payment order
- KRS 355.4A-401Payment date1 cite
- KRS 355.4A-402Obligation of sender to pay receiving bank
- KRS 355.4A-403Payment by sender to receiving bank
- KRS 355.4A-404Obligation of beneficiary's bank to pay and give notice to beneficiary
- KRS 355.4A-405Payment by beneficiary's bank to beneficiary
- KRS 355.4A-406Payment by originator to beneficiary -- Discharge of underlying obligation
- KRS 355.4A-501Variation by agreement and effect of funds-transfer system rule
- KRS 355.4A-502Creditor process served on receiving bank -- Set - off by beneficiary's bank
- KRS 355.4A-503Injunction or restraining order with respect to funds transfer
- KRS 355.4A-504Order in which items and payment orders may be charged to account -- Order of withdrawals from account
- KRS 355.4A-505Preclusion of objection to debit of customer's account
- KRS 355.4A-506Rate of interest
- KRS 355.4A-507Choice of law
- KRS 355.5-101Short title
- KRS 355.5-102Definitions
- KRS 355.5-103Scope
- KRS 355.5-104Formal requirements
- KRS 355.5-105Consideration
- KRS 355.5-106Issuance, amendment, cancellation, and duration
- KRS 355.5-107Confirmer, nominated person, and adviser
- KRS 355.5-108Issuer's rights and obligations
- KRS 355.5-109Fraud and forgery
- KRS 355.5-110Warranties
- KRS 355.5-111Remedies
- KRS 355.5-112Transfer of letter of credit
- KRS 355.5-113Transfer by operation of law
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