KRS 355.9-3141: Perfection by possession and control of chattel paper.

(1) A secured party may perfect a security interest in chattel paper by taking possession

of each authoritative tangible copy of the record evidencing the chattel paper and

obtaining control of each authoritative electronic copy of the electronic record

evidencing the chattel paper.

(2) A security interest is perfected under subsection (1) of this section not earlier than

the time the secured party takes possession and obtains con trol and remains

perfected under subsection (1) of this section only while the secured party retains

possession and control.

(3) KRS 355.9 -313(3) and (6) to (9) apply to perfection by possession of an

authoritative tangible copy of a record evidencing chattel paper.