Section 355.9-NEW - [Newly enacted section not yet numbered] [Effective 1/1/2025]

Current through Acts Received April 24, 2024
Section 355.9-NEW - [Newly enacted section not yet numbered] [Effective 1/1/2025]
(1) A secured party has control of a controllable electronic record as provided in Section 98 of this Act.
(2) A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.
Added by 2024 Ky. Acts ch. TBD,§ 48, eff. 1/1/2025.