KRS 355.9-104: Control of deposit account.

(1) A secured party has control of a deposit account if:

(a) The secured party is the bank with which the deposit account is maintained;

(b) The debtor, secured party, and bank have agreed in a signed record that the

bank will comply with instructions originat ed by the secured party directing

disposition of the funds in the deposit account without further consent by the

debtor;

(c) The secured party becomes the bank's customer with respect to the deposit

account; or

(d) Another person, other than the debtor:

1. Has control of the deposit account and acknowledges that it has control

on behalf of the secured party; or

2. Obtains control of the deposit account after having acknowledged that it

will obtain control of the deposit account on behalf of the secured party.

(2) A secured party that has satisfied subsection (1) of this section has control, even if

the debtor retains the right to direct the disposition of funds from the deposit

account.