KRS 355.9-709: Priority.

(1) The revision of Article 9 in 2000 Ky. Acts ch. 408 determines the priority of

conflicting claims to collateral. However, if the relative priorities of the claims were

established before July 1, 2001, the former Article 9 of this chapter determines

priority.

(2) For purposes of KRS 355.9 -322(1), the priority of a security interest that becomes

enforceable under KRS 355.9-203 dates from July 1, 2001, if the security interest is

perfected under the revision of Article 9 in 2000 Ky. Acts ch. 408 by the filing o f a

financing statement before July 1, 2001, which would not have been effective to

perfect the security interest under the former Article 9 of this chapter. This

subsection does not apply to conflicting security interests each of which is perfected

by the filing of such a financing statement.