{"data":{"id":"us-ky/krs-355.9-338","jurisdiction":"us-ky","citation":"KRS 355.9-338","heading":"Priority of security interest or agricultural lien perfected by filed","body":"financing statement providing certain incorrect information.\nIf a security interest or agricultural lien is perfected by a filed financing statement\nproviding information descri bed in KRS 355.9 -516(2)(e) which is incorrect at the time\nthe financing statement is filed:\n(1) The security interest or agricultural lien is subordinate to a conflicting perfected\nsecurity interest in the collateral to the extent that the holder of the co nflicting\nsecurity interest gives value in reasonable reliance upon the incorrect information;\nand\n(2) A purchaser, other than a secured party, of the collateral takes free of the security\ninterest or agricultural lien to the extent that, in reasonable rel iance upon the\nincorrect information, the purchaser gives value and, in the case of tangible chattel\npaper, documents, goods, instruments, or a security certificate, receives delivery of\nthe collateral.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40676","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:48Z","sha256":"1a2b08c02d18548a82ad8e418bf62db0e1a4de97408a4b4714249d833b9cae55","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-337","next":"us-ky/krs-355.9-339"},"notice":"GroundRules: Original legal text. Not legal advice."}