355.11 -012 Definitions. (1) In this article: (a) 'Adjustment date' means July 1, 2025; and (b) 'Article 12 property' means a controllable account, controllable electronic record, or controllable payment intangible. (2) The following definitions in other articles of this chapter apply to this article: (a) 'Controllable account.' KRS 355.9 -102; (b) 'Controllable electronic record.' KRS 355.12 -102; (c) 'Controllable payment intangible.' KRS 355.9 -102; (d) 'Electronic money.' KRS 355.9 -102; and (e) 'Financing statement.' KRS 355.9 -102. (3) Article 1 of this c hapter contains general definitions and principles of construction and interpretation applicable throughout this article. Effective: January 1, 2025 History: Created 2024 Ky. Acts ch. 10, sec. 102, effective January 1, 2025.
Kentucky Legal Code