Kentucky Statutes 355.9-309 – Security interest perfected upon attachment
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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.
Effective: July 12, 2006
History: Amended 2006 Ky. Acts ch. 242, sec. 59, effective July 12, 2006. — Repealed and reenacted 2001 Ky. Acts ch. 119, sec. 7, effective July 1, 2001. — Repealed and reenacted 2000 Ky. Acts ch. 408, sec. 49, effective July 1, 2001. — Amended 1996
Ky. Acts ch. 130, sec. 177, effective January 1, 1997 — Amended 1986 Ky. Acts ch.
118, sec. 70, effective July 1, 1987. — Created 1958 Ky. Acts ch. 77, sec. 9-309, effective July 1, 1960.
(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);
Terms Used In Kentucky Statutes 355.9-309
- Contract: A legal written agreement that becomes binding when signed.
- Decedent: A deceased person.
- Statute: A law passed by a legislature.
(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.
Effective: July 12, 2006
History: Amended 2006 Ky. Acts ch. 242, sec. 59, effective July 12, 2006. — Repealed and reenacted 2001 Ky. Acts ch. 119, sec. 7, effective July 1, 2001. — Repealed and reenacted 2000 Ky. Acts ch. 408, sec. 49, effective July 1, 2001. — Amended 1996
Ky. Acts ch. 130, sec. 177, effective January 1, 1997 — Amended 1986 Ky. Acts ch.
118, sec. 70, effective July 1, 1987. — Created 1958 Ky. Acts ch. 77, sec. 9-309, effective July 1, 1960.