{"data":{"id":"us-ky/krs-355.9-104","jurisdiction":"us-ky","citation":"KRS 355.9-104","heading":"Control of deposit account.","body":"(1) A secured party has control of a deposit account if:\n(a) The secured party is the bank with which the deposit account is maintained;\n(b) The debtor, secured party, and bank have agreed in a signed record that the\nbank will comply with instructions originat ed by the secured party directing\ndisposition of the funds in the deposit account without further consent by the\ndebtor;\n(c) The secured party becomes the bank's customer with respect to the deposit\naccount; or\n(d) Another person, other than the debtor:\n1. Has control of the deposit account and acknowledges that it has control\non behalf of the secured party; or\n2. Obtains control of the deposit account after having acknowledged that it\nwill obtain control of the deposit account on behalf of the secured party.\n(2) A secured party that has satisfied subsection (1) of this section has control, even if\nthe debtor retains the right to direct the disposition of funds from the deposit\naccount.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55669","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:47Z","sha256":"11c2933ad39511b4fb0bb3142349548ef507063f3af0a3f6d2fef707f0880fcf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-103","next":"us-ky/krs-355.9-105"},"notice":"GroundRules: Original legal text. Not legal advice."}