Ky. Rev. Stat. § 355.11-033

Current through 2024 Ky. Acts ch. 225
Section 355.11-033 - Security interest unperfected before January 1, 2025 [Effective 1/1/2025]

A security interest that is enforceable immediately before January 1, 2025, but is unperfected at that time:

(1) Remains an enforceable security interest until the adjustment date;
(2) Remains enforceable thereafter if the security interest becomes enforceable under KRS 355.9-203, as amended by 2024 Ky. Acts ch. 10, on January 1, 2025, or before the adjustment date; and
(3) Becomes perfected:
(a) Without further action, on January 1, 2025, if the requirements for perfection under 2024 Ky. Acts ch. 10 are satisfied before or at that time; or
(b) When the requirements for perfection are satisfied if the requirements are satisfied after that time.

KRS 355.11-033

Added by 2024 Ky. Acts ch. 10,§ 106, eff. 1/1/2025.