Ky. Rev. Stat. § 355.9-401

Current through Acts Received April 24, 2024

Section 355.9-401 - Alienability of debtor's rights

(1) Except as otherwise provided in subsection (2) of this section and KRS 355.9-406, 355.9-407, 355.9-408, and 355.9-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article.

(2) An agreement between the debtor and secured party which prohibits a transfer of the debtor's rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.

KRS 355.9-401

Effective:7/1/2001
Repealed and reenacted 2000, Ky. Acts ch. 408, sec. 83, effective7/1/2001. -- Amended 1998, Ky. Acts ch. 341, sec. 47, effective 7/15/1998. -- Amended 1990 Ky. Acts ch. 478, sec. 3, effective 7/13/1990. -- Amended 1988 Ky. Acts ch. 132, sec. 7, effective 3/31/1988. -- Amended 1986 Ky. Acts ch. 118, sec. 74, effective 7/1/1987; and ch. 204, sec. 98, effective 7/15/1986. --Amended 1978 Ky. Acts ch. 384, sec. 489, effective 6/17/1978. -- Amended 1962 Ky. Acts ch. 83, sec. 9. -- Created 1958 Ky. Acts ch. 77, sec. 9-401.