KRS 355.9-518: Claim concerning inaccurate or wrongfully filed record.

(1) A person may file in the filing office an information statement with respect to a

record indexed there under the person's name if the person believes that the record

is inaccurate or was wrongfully filed.

(2) An information statement filed under subsection (1) of this section shall:

(a) Identify the record to which it relates by the file number assigned to the initial

financing statement to which the record relates;

(b) Indicate that it is an information statement; and

(c) Provide the basis for the person's belief that the record is inaccurate and

indicate the manner in which the person believes the record should be

amended to cure any inaccuracy or provide the basis for the person's belief

that the record was wrongfully filed.

(3) A person may file in the f iling office an information statement with respect to a

record filed there if the person is a secured party of record with respect to the

financing statement to which the record relates and believes that the person that

filed the record was not entitled to do so under KRS 355.9-509(4).

(4) An information statement filed under subsection (3) of this section shall:

(a) Identify the record to which it relates by the file number assigned to the initial

financing statement to which the record relates;

(b) Indicate that it is an information statement; and

(c) Provide the basis for the person's belief that the person that filed the record

was not entitled to do so under KRS 355.9-509(4).

(5) Except as provided in subsection (6) of this section, the filing of an inf ormation

statement does not affect the effectiveness of an initial financing statement or other

filed record.

(6) An information statement that is filed by a bank, or subsidiary or affiliate thereof,

shall affect the effectiveness of the record to which it relates if:

(a) The information statement includes a written statement of an officer of the

entity filing the information statement, which provides the information

specified in subsection (2) of this section;

(b) The officer's written statement provides t he officer's title and information

identifying how the filer qualifies as a bank, or subsidiary or affiliate thereof;

(c) The officer's written statement has been duly acknowledged before a notary

public; and

(d) The record to which the information statement relates was originally filed by

or refers to a record filed by the entity filing the information statement.