KRS 355.9-509: Persons entitled to file a record.
Where this section sits in the code
(1) A person may file an initial financing statement, amendment that adds collateral
covered by a financing statement, or amendment that adds a debtor to a financing
statement only if:
(a) The debtor authorizes the filing in a signed record or pursuant to subs ection
(2) or (3) of this section; or
(b) The person holds an agricultural lien that has become effective at the time of
filing and the financing statement covers only collateral in which the person
holds an agricultural lien.
(2) By signing or becoming bo und as debtor by a security agreement, a debtor or new
debtor authorizes the filing of an initial financing statement, and an amendment,
covering:
(a) The collateral described in the security agreement; and
(b) Property that becomes collateral under KRS 35 5.9-315(1)(b), whether or not
the security agreement expressly covers proceeds.
(3) By acquiring collateral in which a security interest or agricultural lien continues
under KRS 355.9 -315(1)(a), a debtor authorizes the filing of an initial financing
statement, and an amendment, covering the collateral and property that becomes
collateral under KRS 355.9-315(1)(b).
(4) A person may file an amendment other than an amendment that adds collateral
covered by a financing statement or an amendment that adds a debt or to a financing
statement only if:
(a) The secured party of record authorizes the filing; or
(b) The amendment is a termination statement for a financing statement as to
which the secured party of record has failed to file or send a termination
statement as required by KRS 355.9 -513(1) or (3), the debtor authorizes the
filing, and the termination statement indicates that the debtor authorized it to
be filed.
(5) If there is more than one (1) secured party of record for a financing statement, each
secured party of record may authorize the filing of an amendment under subsection
(4) of this section.
Collected 2026-09-05T20:58:48Z. Source file · JSON