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 secu rity interest created by the debtor. Effective: July 1, 2001 History: Repealed and reenacted 2000 Ky. Acts ch. 408, sec. 30, effective July 1, 2001. -- Created 1958 Ky. Acts ch. 77, sec. 9 -110, effective July 1, 1960.
Kentucky Legal Code