{"data":{"id":"us-ky/krs-355.9-605","jurisdiction":"us-ky","citation":"KRS 355.9-605","heading":"Unknown debtor or secondary obligor.","body":"(1) Except as provided in subsection (2) of this section, a secured party does not owe a\nduty based on its status as secured party:\n(a) To a person that is a debtor or obligor, unless the secured party knows:\n1. That the person is a debtor or obligor;\n2. The identity of the person; and\n3. How to communicate with the person; or\n(b) To a secured party or lienholder that has filed a financing statement against a\nperson, unless the secured party knows:\n1. That the person is a debtor; and\n2. The identity of the person.\n(2) A secured party owes a duty based on its status as a secured party to a person if, at\nthe time the secured party obtains control of collateral that is a controllable account,\ncontrollable electronic record, or controllable payment intangible or at the time the\nsecurity interest attaches to the collateral, whichever is later:\n(a) The person is a debtor or obligor; and\n(b) The secured party knows that the information in subsection (1)(a)1., 2., or 3.\nof this section relating to the person is not provided by the collate ral, a record\nattached to or logically associated with the collateral, or the system in which\nthe collateral is recorded.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55706","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:49Z","sha256":"7b5ae2668df41f07b282fa7a3f3236ff09572f1d7ceeb50548ff1bc35f9623c1","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-604","next":"us-ky/krs-355.9-606"},"notice":"GroundRules: Original legal text. Not legal advice."}