KRS 355.9-110: Security interests arising under Article 2 or 2A.

A security interest arising under KRS 355.2 -401, 355.2 -505, 355.2 -711(3), or 355.2A -

508(5) is subject to this article. However, until the debtor obtains possession of the

goods:

(1) The security interest is enforceable, even if KRS 355.9 -203(2)(c) has not been

satisfied;

(2) Filing is not required to perfect the security interest;

(3) The rights of the secured party after default by the debtor are governed by Article 2

or 2A of this chapter; and

(4) The security interest has priority over a conflicting secu rity interest created by the

debtor.