Ky. Rev. Stat. § 355.9-309

Current through 2024 Ky. Acts ch. 225

Section 355.9-309 - Security interest perfected upon attachment

The following security interests are perfected when they attach:

(1) A purchase-money security interest in consumer goods, except as otherwise provided in KRS 355.9-311(2) with respect to consumer goods that are subject to a statute or treaty described in KRS 355.9-311(1);

(2) An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles;

(3) A sale of a payment intangible;

(4) A sale of a promissory note;

(5) A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;

(6) A security interest arising under KRS 355.2-401, 355.2-505, 355.2-711(3), or 355.2A-508(5), until the debtor obtains possession of the collateral;

(7) A security interest of a collecting bank arising under KRS 355.4-210;

(8) A security interest of an issuer or nominated person arising under KRS 355.5-118;

(9) A security interest arising in the delivery of a financial asset under KRS 355.9-206(3);

(10) A security interest in investment property created by a broker or securities intermediary;

(11) A security interest in a commodity contract or a commodity account created by a commodity intermediary;

(12) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder;

(13) A security interest created by an assignment of a beneficial interest in a decedent's estate; and

(14) A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.

KRS 355.9-309

Effective:7/12/2006
Amended 2006, Ky. Acts ch. 242, sec. 59, effective7/12/2006. -- Repealed and reenacted 2001, Ky. Acts ch. 119, sec. 7, effective 7/1/2001. -- Repealed and reenacted 2000, Ky. Acts ch. 408, sec. 49, effective 7/1/2001. -- Amended 1996, Ky. Acts ch. 130, sec. 177, effective 1/1/1997 -- Amended 1986 Ky. Acts ch. 118, sec. 70, effective 7/1/1987. -- Created 1958 Ky. Acts ch. 77, sec. 9-309, effective 7/1/1960.