{"data":{"id":"us-ky/krs-278.696","jurisdiction":"us-ky","citation":"KRS 278.696","heading":"Assignee or financing party not an electric utility or provider of electric","body":"service -- Application of KRS 278.670 to 278.696 and 65.114 -- Severance.\n(1) An assignee or financing party shall not be deemed an electric utility or person\nproviding electric service by virtue of engaging in the transactions described in\nKRS 278.670 to 278.696 and 65.114.\n(2) If there is a conflict between any of the provisions of KRS 278.670 to 278.696 and\n65.114 and any other law regarding the attachment, assignme nt, perfection or the\neffect of perfection, priority of, assignment, or transfer of, or security interest in\nsecuritized property, the provisions of KRS 278.670 to 278.696 and 65.114 shall\ngovern.\n(3) If any provision of KRS 278.670 to 278.696 and 65.114 i s held invalid or is\ninvalidated, superseded, replaced, repealed, or expires for any reason:\n(a) The occurrence does not affect the validity of any action allowed under KRS\n278.670 to 278.696 and 65.114 which is taken by an electric utility, assignee,\nfinancing party, collection agent, or party to an ancillary agreement; and\n(b) All actions remain in full force and effect with respect to all securitized bonds\nissued or authorized in a financing order issued under KRS 278.670 to\n278.696 and 65.114 before the  date the provision is held invalid or is\ninvalidated, superseded, replaced, repealed, or expires for any reason.","path":["KRS Chapter 278"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=53814","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:31Z","sha256":"d28d2cb93d75ca9969a13e6d6cadcdb1fac4cc37ffceccd9453a7e5a2b4b93e4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-278.694","next":"us-ky/krs-278.700"},"notice":"GroundRules: Original legal text. Not legal advice."}