Ky. Rev. Stat. § 355.1-205

Current through Acts Received April 24, 2024

Section 355.1-205 - Reasonable time - Seasonableness

(1) Whether a time for taking an action required by the Uniform Commercial Code is reasonable depends on the nature, purpose, and circumstances of the action.

(2) An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.

KRS 355.1-205

Effective:7/12/2006
Repealed and reenacted 2006, Ky. Acts ch. 242, sec. 13, effective7/12/2006. -- Created 1958 Ky. Acts ch. 77, sec. 1-205, effective 7/1/1960.