KRS 378A.060: When transfer is made or obligation is incurred.

For the purposes of this chapter:

(1) A transfer is made:

(a) With respect to an asset that is real property other than a fixture, but including

the interest of a seller or purchaser under a contract for the sale of the asset,

when the transfer is so far p erfected that a good -faith purchaser of the asset

from the debtor against which applicable laws permit the transfer to be

perfected cannot acquire an interest in the asset that is superior to the interest

of the transferee; and

(b) With respect to an asset that is not real property or that is a fixture, when the

transfer is so far perfected that a creditor on a simple contract cannot acquire a

judicial lien otherwise than under this chapter that is superior to the interest of

the transferee.

(2) If applicable law permits the transfer to be perfected as provided in subsection (1)

of this section, and the transfer is not so perfected before the commencement of an

action for relief under this chapter, the transfer is deemed made immediately before

the commencement of the action.

(3) If applicable law does not permit the transfer to be perfected as provided in

subsection (1) of this section, the transfer is made when it becomes effective

between the debtor and the transferee.

(4) A transfer is not made until the debtor has acquired rights in the asset transferred.

(5) An obligation is incurred:

(a) If oral, when it becomes effective between the parties; or

(b) If evidenced by a record, when the record, signed by the obligor, is delivered

to or for the benefit of the obligee.