KRS 355.9-309: Security interest perfected upon attachment.
Where this section sits in the code
The following security interests are perfected when they attach:
(1) A purchase -money security interest in consumer goods, except as otherwise
provided in KRS 355.9 -311(2) with respect to consumer goods that are subject to a
statute or treaty described in KRS 355.9-311(1);
(2) An assignment of accounts or payment intangibles which does not by itself or in
conjunction with other assignments to the same assignee transfer a significant part
of the assignor's outstanding accounts or payment intangibles;
(3) A sale of a payment intangible;
(4) A sale of a promissory note;
(5) A security interest created by the assignment of a health -care-insurance receivable
to the provider of the health-care goods or services;
(6) A security interest arising under KRS 355.2 -401, 355.2-505, 355.2 -711(3), or
355.2A-508(5), until the debtor obtains possession of the collateral;
(7) A security interest of a collecting bank arising under KRS 355.4-210;
(8) A security interest of an issuer or nominated person arising under KRS 355.5-118;
(9) A security interest arising in the delivery of a financial asset under KRS 355.9 -
206(3);
(10) A security interest in investment property created by a broker or securities
intermediary;
(11) A security interest in a commodity contract or a commodity account created by a
commodity intermediary;
(12) An assignment for the benefit of all creditors of the transferor and subsequent
transfers by the assignee thereunder;
(13) A security interest created by an assignment of a beneficial interest in a decedent 's
estate; and
(14) A sale by an individual of an account that is a right to payment of winnings in a
lottery or other game of chance.
Collected 2026-09-05T20:58:48Z. Source file · JSON