{"data":{"id":"us-ky/krs-355.9-514","jurisdiction":"us-ky","citation":"KRS 355.9-514","heading":"Assignment of powers of secured party of record.","body":"(1) Except as otherwise provided in subsection (3) of this section, an initial financing\nstatement may reflect an assignment of all of the secured party's power to authorize\nan amendment to the financing statement by providing the name and mailing\naddress of the assignee as the name and address of the secured party.\n(2) Except as otherwise provided in subsection (3) of this section, a secured party of\nrecord may assign of record all or part of its power to authorize an amendment to a\nfinancing statement by fili ng in the filing office an amendment of the financing\nstatement which:\n(a) Identifies, by its file number, the initial financing statement to which it relates;\n(b) Provides the name of the assignor; and\n(c) Provides the name and mailing address of the assignee.\n(3) An assignment of record of a security interest in a fixture covered by a record of a\nmortgage which is effective as a financing statement filed as a fixture filing under\nKRS 355.9-502(3) may be made only by an assignment of record of the mortgage in\nthe manner provided by law of this Commonwealth other than this chapter.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33819","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:48Z","sha256":"22bc78876a130d70ef40e9a5670e29171c5d0558535a3e02e2cde1c3d1218979","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-513a","next":"us-ky/krs-355.9-515"},"notice":"GroundRules: Original legal text. Not legal advice."}