{"data":{"id":"us-ky/krs-355.11-031","jurisdiction":"us-ky","citation":"KRS 355.11-031","heading":"Savings clause.","body":"(1) Except as provided in this section and KRS 355.11 -032 to 355.11-036, Article 9 of\nthis chapter, as amended by 2024 Ky. Acts ch. 10, and Article 12 of this chapter\napply to a transaction, lien, or other interest in property, even if the transaction, lien,\nor interest was entered into, created, or acquired before January 1, 2025.\n(2) Except as provided in subsection (3) of this section and KRS 355.11 -032 to 355.11-\n036:\n(a) A transaction, lien, or interest in property that was validly entered into,\ncreated, or transferred before January 1, 2025, and was not governed by this\nchapter, but would be subject to Article 9 of this chapter, as amended by 2024\nKy. Acts ch. 10, or Article 12 of this chapter if it had been entered into,\ncreated, or transferred on or after January 1, 2025, including the rights, duties,\nand interests flowing from the transaction, lien, or interest, remains valid on\nand after January 1, 2025; and\n(b) The transaction, lien, or interest may be terminated, completed, consummated,\nand enforced as required or permitted by 2024 Ky. Acts ch. 10 or by the law\nthat would apply if 2024 Ky. Acts ch. 10 had not taken effect.\n(3) 2024 Ky. Acts ch. 10 does not affect an action, case, or proceeding commenced\nbefore January 1, 2025.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55728","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:49Z","sha256":"f4b20b265a6b76b90d9c46ce23971e06849d2d2f1ca6c1d1b8cca1691e466acc","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.11-021","next":"us-ky/krs-355.11-032"},"notice":"GroundRules: Original legal text. Not legal advice."}