§ 355-9-3062

355.9 -3062 Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles. (1) Except as provided in subsection (2) of this section, the local law of t he controllable electronic record's jurisdiction specified in KRS 355.12 -107(3) and (4) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record. (2) The local law of the jurisdiction in which the debtor is located governs: (a) Perfection of a security interest in a controllable account, controll able electronic record, or controllable payment intangible by filing; and (b) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible. Effective: January 1, 2025 History: Created 2024 Ky. Acts ch. 10, sec. 60, effective January 1, 2025.