355.9-709 Priority. (1) The revision of Article 9 in 2000 Ky. Acts ch. 408 determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, the former Article 9 of this chapter determines priority. (2) For purposes of KRS 355.9-322(1), the priority of a security interest that becomes enforceable under KRS 355.9-203 dates from July 1, 2001, if the security interest is perfected under the revision of Article 9 in 2000 Ky. Acts ch. 408 by the filing of a financing statement before July 1, 2001, which would not have been effective to perfect the security interest under the former Article 9 of this chapter. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement. Effective: July 1, 2001 History: Created 2000 Ky. Acts ch. 408, sec. 155, effective July 1, 2001.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.