Ky. Rev. Stat. § 355.9-110

Current through Acts Received April 24, 2024

Section 355.9-110 - Security interests arising under Article 2 or 2A

A security interest arising under KRS 355.2-401, 355.2-505, 355.2-711(3), or 355.2A-508(5) is subject to this article. However, until the debtor obtains possession of the goods:

(1) The security interest is enforceable, even if KRS 355.9-203(2)(c) has not been satisfied;

(2) Filing is not required to perfect the security interest;

(3) The rights of the secured party after default by the debtor are governed by Article 2 or 2A of this chapter; and

(4) The security interest has priority over a conflicting security interest created by the debtor.

KRS 355.9-110

Effective:7/1/2001
Repealed and reenacted 2000, Ky. Acts ch. 408, sec. 30, effective7/1/2001. -- Created 1958 Ky. Acts ch. 77, sec. 9-110, effective 7/1/1960.