Kentucky Revised Statutes
Includes enactments through the 2024 Regular Session
Chapter titles, centered headings, section catchlines, and explanatory notes are for informational purposes only and do not constitute any part of the law. For general laws governing construction of statutes, see KRS Chapter 446.
The KRS database was last updated on 11/21/2024
.9-101 Short title.
.9-102 Definitions and index of definitions. (Effective until January 1, 2025)
.9-102 Definitions and index of definitions. (Effective January 1, 2025)
.9-103 Purchase-money security interest -- Application of payments -- Burden of establishing.
.9-104 Control of deposit account. (Effective until January 1, 2025)
.9-104 Control of deposit account. (Effective January 1, 2025)
.9-105 Control of electronic copy of record evidencing chattel paper. (Effective January 1, 2025)
.9-105 Control of electronic chattel paper. (Effective until January 1, 2025)
.9-1051 Control of electronic money. (Effective January 1, 2025)
.9-106 Control of investment property.
.9-107 Control of letter-of-credit right.
.9-1071 Control of controllable electronic record, controllable account, or controllable payment intangible. (Effective January 1, 2025)
.9-1072 No requirement to acknowledge or confirm -- No duties. (Effective January 1, 2025)
.9-108 Sufficiency of description.
.9-109 Scope.
.9-110 Security interests arising under Article 2 or 2A.
.9-111 Repealed, 1992.
.9-112 Repealed, 2000.
.9-113 Repealed, 2000.
.9-114 Repealed, 2000.
.9-115 Repealed, 2000.
.9-116 Repealed, 2000.
.9-201 General effectiveness of security agreement.
.9-202 Title to collateral immaterial.
.9-203 Attachment and enforceability of security interest -- Proceeds -- Supporting obligations -- Formal requisites. (Effective until January 1, 2025)
.9-203 Attachment and enforceability of security interest -- Proceeds -- Supporting obligations -- Formal requisites. (Effective January 1, 2025)
.9-204 After-acquired property -- Future advances. (Effective January 1, 2025)
.9-204 After-acquired property -- Future advances. (Effective until January 1, 2025)
.9-205 Use or disposition of collateral permissible.
.9-206 Security interest arising in purchase or delivery of financial asset.
.9-207 Rights and duties of secured party having possession or control of collateral. (Effective until January 1, 2025)
.9-207 Rights and duties of secured party having possession or control of collateral. (Effective January 1, 2025)
.9-208 Additional duties of secured party having control of collateral. (Effective January 1, 2025)
.9-208 Additional duties of secured party having control of collateral. (Effective until January 1, 2025)
.9-209 Duties of secured party if account debtor has been notified of assignment. (Effective until January 1, 2025)
.9-209 Duties of secured party if account debtor has been notified of assignment. (Effective January 1, 2025)
.9-210 Request for accounting -- Request regarding list of collateral or statement of account. (Effective January 1, 2025)
.9-210 Request for accounting -- Request regarding list of collateral or statement of account. (Effective until January 1, 2025)
.9-301 Law governing perfection and priority of security interests. (Effective until January 1, 2025)
.9-301 Law governing perfection and priority of security interests. (Effective January 1, 2025)
.9-302 Law governing perfection and priority of agricultural liens.
.9-303 Law governing perfection and priority of security interests in goods covered by a certificate of title.
.9-304 Law governing perfection and priority of security interests in deposit accounts. (Effective until January 1, 2025)
.9-304 Law governing perfection and priority of security interests in deposit accounts. (Effective January 1, 2025)
.9-305 Law governing perfection and priority of security interests in investment property. (Effective January 1, 2025)
.9-305 Law governing perfection and priority of security interests in investment property. (Effective until January 1, 2025)
.9-306 Law governing perfection and priority of security interests in letter-of-credit rights.
.9-3061 Law governing perfection and priority of security interests in chattel paper. (Effective January 1, 2025)
.9-3062 Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles. (Effective January 1, 2025)
.9-307 Location of debtor.
.9-308 When security interest or agricultural lien is perfected -- Continuity of perfection.
.9-309 Security interest perfected upon attachment.
.9-310 When filing required to perfect security interest or agricultural lien -- Security interests and agricultural liens to which filing provisions do not apply. (Effective until January 1, 2025)
.9-310 When filing required to perfect security interest or agricultural lien -- Security interests and agricultural liens to which filing provisions do not apply. (Effective January 1, 2025)
.9-311 Perfection of security interests in property subject to certain statutes, regulations, and treaties.
.9-312 Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money -- Perfection by permissive filing -- Temporary perfection without filing or transfer of possession. (Effective until January 1, 2025)
.9-312 Perfection of security interests in chattel paper, controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, negotiable documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money -- Perfection by permissive filing -- Temporary perfection without filing or transfer of possession. (Effective January 1, 2025)
.9-313 When possession by or delivery to secured party perfects security interest without filing. (Effective January 1, 2025)
.9-313 When possession by or delivery to secured party perfects security interest without filing. (Effective until January 1, 2025)
.9-314 Perfection by control. (Effective until January 1, 2025)
.9-314 Perfection by control. (Effective January 1, 2025)
.9-3141 Perfection by possession and control of chattel paper. (Effective January 1, 2025)
.9-315 Secured party's rights on disposition of collateral and in proceeds.
.9-316 Continued perfection of security interest following change in governing law. (Effective until January 1, 2025)
.9-316 Continued perfection of security interest following change in governing law. (Effective January 1, 2025)
.9-317 Interests that take priority over or take free of security interest or agricultural lien. (Effective until January 1, 2025)
.9-317 Interests that take priority over or take free of security interest or agricultural lien. (Effective January 1, 2025)
.9-318 No interest retained in right to payment that is sold -- Rights and title of seller of account or chattel paper with respect to creditors and purchasers.
.9-319 Rights and title of consignee with respect to creditors and purchasers.
.9-320 Buyer of goods.
.9-321 Licensee of general intangible and lessee of goods in ordinary course of business.
.9-322 Priorities among conflicting security interests in and agricultural liens on same collateral.
.9-323 Future advances. (Effective until January 1, 2025)
.9-323 Future advances. (Effective January 1, 2025)
.9-324 Priority of purchase-money security interests. (Effective January 1, 2025)
.9-324 Priority of purchase-money security interests. (Effective until January 1, 2025)
.9-325 Priority of security interests in transferred collateral.
.9-326 Priority of security interests created by new debtor.
.9-3261 Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible. (Effective January 1, 2025)
.9-327 Priority of security interests in deposit account.
.9-328 Priority of security interests in investment property.
.9-329 Priority of security interests in letter-of-credit right.
.9-330 Priority of purchaser of chattel paper or instrument. (Effective until January 1, 2025)
.9-330 Priority of purchaser of chattel paper or instrument. (Effective January 1, 2025)
.9-331 Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment tangibles, documents, instruments, and securities under other articles -- Priority of interests in financial assets and security entitlements and protection against assertion of claim under Articles 8 and 12. (Effective January 1, 2025)
.9-331 Priority of rights of purchasers of instruments, documents, and securities under other articles -- Priority of interests in financial assets and security entitlements under Article 8. (Effective until January 1, 2025)
.9-332 Transfer of money -- Transfer of funds from deposit account. (Effective until January 1, 2025)
.9-332 Transfer of money -- Transfer of funds from deposit account. (Effective January 1, 2025)
.9-333 Priority of certain liens arising by operation of law.
.9-334 Priority of security interests in fixtures and crops. (Effective until January 1, 2025)
.9-334 Priority of security interests in fixtures and crops. (Effective January 1, 2025)
.9-335 Accessions.
.9-336 Commingled goods.
.9-337 Priority of security interests in goods covered by certificate of title.
.9-338 Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.
.9-339 Priority subject to subordination.
.9-340 Effectiveness of right of recoupment or set-off against deposit account.
.9-341 Bank's rights and duties with respect to deposit account. (Effective until January 1, 2025)
.9-341 Bank's rights and duties with respect to deposit account. (Effective January 1, 2025)
.9-342 Bank's right to refuse to enter into or disclose existence of control agreement.
.9-401 Alienability of debtor's rights.
.9-401A Repealed, 2000.
.9-402 Secured party not obligated on contract of debtor or in tort.
.9-403 Agreement not to assert defenses against assignee.
.9-404 Rights acquired by assignee -- Claims and defenses against assignee. (Effective until January 1, 2025)
.9-404 Rights acquired by assignee -- Claims and defenses against assignee. (Effective January 1, 2025)
.9-405 Modification of assigned contract.
.9-406 Discharge of account debtor -- Notification of assignment -- Identification and proof of assignment -- Restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective. (Effective until January 1, 2025)
.9-406 Discharge of account debtor -- Notification of assignment -- Identification and proof of assignment -- Restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective. (Effective January 1, 2025)
.9-407 Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.
.9-408 Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective. (Effective January 1, 2025)
.9-408 Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective. (Effective until January 1, 2025)
.9-409 Restrictions on assignment of letter-of-credit rights ineffective.
.9-501 Filing office.
.9-502 Contents of financing statement -- Record of mortgage as financing statement -- Time of filing financing statement.
.9-503 Name of debtor and secured party.
.9-504 Indication of collateral.
.9-505 Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.
.9-506 Effect of errors or omissions.
.9-507 Effect of certain events on effectiveness of financing statement.
.9-508 Effectiveness of financing statement if new debtor becomes bound by security agreement.
.9-509 Persons entitled to file a record. (Effective until January 1, 2025)
.9-509 Persons entitled to file a record. (Effective January 1, 2025)
.9-510 Effectiveness of filed record.
.9-511 Secured party of record.
.9-512 Amendment of financing statement.
.9-513 Termination statement. (Effective until January 1, 2025)
.9-513 Termination statement. (Effective January 1, 2025)
.9-513A Termination of wrongfully filed record -- Reinstatement.
.9-514 Assignment of powers of secured party of record.
.9-515 Duration and effectiveness of financing statement -- Effect of lapsed financing statement.
.9-516 What constitutes filing -- Effectiveness of filing.
.9-516A Administrative rejection of unauthorized records.
.9-517 Effect of indexing errors.
.9-518 Claim concerning inaccurate or wrongfully filed record.
.9-519 Numbering, maintaining, and indexing records -- Communicating information provided in records.
.9-520 Acceptance and refusal to accept record.
.9-521 Uniform form of written financing statement and amendment.
.9-522 Maintenance and destruction of records.
.9-523 Information from filing office -- Sale or license of records.
.9-524 Delay by filing office.
.9-525 Fees.
.9-526 Filing-office rules.
.9-527 Duty to report.
.9-601 Rights after default -- Judicial enforcement -- Consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes. (Effective until January 1, 2025)
.9-601 Rights after default -- Judicial enforcement -- Consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes. (Effective January 1, 2025)
.9-602 Waiver and variance of rights and duties.
.9-603 Agreement on standards concerning rights and duties.
.9-604 Procedure if security agreement covers real property or fixtures.
.9-605 Unknown debtor or secondary obligor. (Effective until January 1, 2025)
.9-605 Unknown debtor or secondary obligor. (Effective January 1, 2025)
.9-606 Time of default for agricultural lien.
.9-607 Collection and enforcement by secured party.
.9-608 Application of proceeds of collection or enforcement -- Liability for deficiency and right to surplus. (Effective January 1, 2025)
.9-608 Application of proceeds of collection or enforcement -- Liability for deficiency and right to surplus. (Effective until January 1, 2025)
.9-609 Secured party's right to take possession after default.
.9-610 Disposition of collateral after default.
.9-611 Notification before disposition of collateral. (Effective until January 1, 2025)
.9-611 Notification before disposition of collateral. (Effective January 1, 2025)
.9-612 Timeliness of notification before disposition of collateral.
.9-613 Contents and form of notification before disposition of collateral: General. (Effective until January 1, 2025)
.9-613 Contents and form of notification before disposition of collateral: General. (Effective January 1, 2025)
.9-614 Contents and form of notification before disposition of collateral: Consumer-goods transaction. (Effective January 1, 2025)
.9-614 Contents and form of notification before disposition of collateral: Consumer-goods transaction. (Effective until January 1, 2025)
.9-615 Application of proceeds of disposition -- Liability for deficiency and right to surplus. (Effective until January 1, 2025)
.9-615 Application of proceeds of disposition -- Liability for deficiency and right to surplus. (Effective January 1, 2025)
.9-616 Explanation of calculation of surplus or deficiency. (Effective January 1, 2025)
.9-616 Explanation of calculation of surplus or deficiency. (Effective until January 1, 2025)
.9-617 Rights of transferee of collateral.
.9-618 Rights and duties of certain secondary obligors.
.9-619 Transfer of record or legal title. (Effective until January 1, 2025)
.9-619 Transfer of record or legal title. (Effective January 1, 2025)
.9-620 Acceptance of collateral in full or partial satisfaction of obligation -- Compulsory disposition of collateral. (Effective January 1, 2025)
.9-620 Acceptance of collateral in full or partial satisfaction of obligation -- Compulsory disposition of collateral. (Effective until January 1, 2025)
.9-621 Notification of proposal to accept collateral. (Effective until January 1, 2025)
.9-621 Notification of proposal to accept collateral. (Effective January 1, 2025)
.9-622 Effect of acceptance of collateral.
.9-623 Right to redeem collateral.
.9-624 Waiver. (Effective until January 1, 2025)
.9-624 Waiver. (Effective January 1, 2025)
.9-625 Remedies for secured party's failure to comply with article.
.9-626 Action in which deficiency or surplus is in issue.
.9-627 Determination of whether conduct was commercially reasonable.
.9-628 Nonliability and limitation on liability of secured party -- Liability of secondary obligor. (Effective until January 1, 2025)
.9-628 Nonliability and limitation on liability of secured party -- Liability of secondary obligor. (Effective January 1, 2025)
.9-701 Effective date.
.9-702 Savings clause.
.9-703 Security interest perfected before effective date.
.9-704 Security interest unperfected before effective date.
.9-705 Effectiveness of action taken before effective date.
.9-706 When initial financing statement suffices to continue effectiveness of financing statement -- Minor errors or omissions.
.9-707 Amendment of pre-effective-date financing statement.
.9-708 Persons entitled to file initial financing statement or continuation statement.
.9-709 Priority.
.9-710 Duties of county clerk.
.9-801 Effective date of statutory changes contained in 2012 Ky. Acts ch. 132.
.9-802 Application.
.9-803 Security interest perfected before effective date.
.9-804 Security interest unperfected before effective date.
.9-805 Effectiveness of action taken before effective date.
.9-806 When initial financing statement suffices to continue effectiveness of financing statement.
.9-807 Amendment of pre-effective-date financing statement.
.9-808 Person entitled to file initial financing statement or continuation statement.
.9-809 Priority.