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Kentucky · Snapshot 09/05/2026

KRS 355.8-112: Creditor's legal process.

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Where this section sits in the code

    (1) The interest of a debtor in a certificated security may be reached by a creditor only

    by actual seizure of the security certificate by the officer making the attachment or

    levy, except as otherwise provided in subsection (4) of this section. However, a

    certificated security for which the certificate has been surrendered to the issuer may

    be reached by a creditor by legal process upon the issuer.

    (2) The interest of a debtor in an uncertificated security may be reached by a creditor

    only by legal process upo n the issuer at its chief executive office in the United

    States, except as otherwise provided in subsection (4) of this section.

    (3) The interest of a debtor in a security entitlement may be reached by a creditor only

    by legal process upon the securities i ntermediary with whom the debtor's securities

    account is maintained, except as otherwise provided in subsection (4) of this

    section.

    (4) The interest of a debtor in a certificated security for which the certificate is in the

    possession of a secured party, or in an uncertificated security registered in the name

    of a secured party, or a security entitlement maintained in the name of a secured

    party, may be reached by a creditor by legal process upon the secured party.

    (5) A creditor whose debtor is the owner of a certificated security, uncertificated

    security, or security entitlement is entitled to aid from a court of competent

    jurisdiction, by injunction or otherwise, in reaching the certificated security,

    uncertificated security, or security entitlement or i n satisfying the claim by means

    allowed at law or in equity in regard to property that cannot readily be reached by

    other legal process.

    Collected 2026-09-05T20:58:46Z. Source file · JSON

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