Section 355.9-331 - [Effective Until 1/1/2025] 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(1) This article does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, or a protected purchaser of a security. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in Articles 3, 7, and 8 of this chapter.(2) This article does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under Article 8 of this chapter.(3) Filing under this article does not constitute notice of a claim or defense to the holders, or purchasers, or persons described in subsections (1) and (2) of this section.Effective:7/1/2001
Created 2000, Ky. Acts ch. 408, sec. 71, effective7/1/2001.This section is set out more than once due to postponed, multiple, or conflicting amendments.