{"data":{"id":"us-ky/krs-355.2-506","jurisdiction":"us-ky","citation":"KRS 355.2-506","heading":"Rights of financing agency.","body":"(1) A financing agency by paying or purchasing for value a draft which relates to a\nshipment of goods acquires to the extent of the payment or purchase and in addition\nto its own rights under the draft and any document of title securing it any rights of\nthe shipper in the goods including the right to stop delivery and the shipper's right to\nhave the draft honored by the buyer.\n(2) The right to reimbursement of a financing agency which has in good faith honored\nor purchased the draft under commitment to or autho rity from the buyer is not\nimpaired by subsequent discovery of defects with reference to any relevant\ndocument which was apparently regular.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40651","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:42Z","sha256":"913b0c1fbb15b4407343f17841c697111286764178473a2076362a0e032bbe5f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.2-505","next":"us-ky/krs-355.2-507"},"notice":"GroundRules: Original legal text. Not legal advice."}