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Kentucky · Snapshot 09/05/2026

KRS 355.9-309: Security interest perfected upon attachment.

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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

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