Kentucky Statutes 355.2A-302 – Title to and possession of goods
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Except as otherwise provided in this article, each provision of this article applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee, or a third party has possession of the goods, notwithstanding any statute or rule of law that possession or the absence of possession is fraudulent.
Effective: January 1, 1991
History: Created 1990 Ky. Acts ch. 363, sec. 32, effective January 1, 1991.
Effective: January 1, 1991
Terms Used In Kentucky Statutes 355.2A-302
- Goods: means all things that are movable at the time of identification to the lease contract, or are fixtures (KRS §. See Kentucky Statutes 355.2A-103
- Lessee: means a person who acquires the right to possession and use of goods under a lease. See Kentucky Statutes 355.2A-103
- Lessor: means a person who transfers the right to possession and use of goods under a lease. See Kentucky Statutes 355.2A-103
- Statute: A law passed by a legislature.
History: Created 1990 Ky. Acts ch. 363, sec. 32, effective January 1, 1991.