{"data":{"id":"us-ky/krs-355.9-611","jurisdiction":"us-ky","citation":"KRS 355.9-611","heading":"Notification before disposition of collateral.","body":"(1) In this section, \"notification date\" means the earlier of the date on which:\n(a) A secured party sends to the debtor and any secondary obligor a signed\nnotification of disposition; or\n(b) The debtor and any secondary obligor waive the right to notification.\n(2) Except as otherwise provided in subsection (4) of this section, a secured party that\ndisposes of collateral under KRS 355.9 -610 shall send to the persons specified in\nsubsection (3) of this section a reasonable signed notification of disposition.\n(3) To comply with subsection (2) of this section, the secured party shall send a signed\nnotification of disposition to:\n(a) The debtor;\n(b) Any secondary obligor; and\n(c) If the collateral is other than consumer goods:\n1. Any other person from which the secu red party has received, before the\nnotification date, a signed notification of a claim of an interest in the\ncollateral;\n2. Any other secured party or lienholder that, ten (10) days before the\nnotification date, held a security interest in or other lien on the collateral\nperfected by the filing of a financing statement that:\na. Identified the collateral;\nb. Was indexed under the debtor's name as of that date; and\nc. Was filed in the office in which to file a financing statement\nagainst the debtor covering the collateral as of that date; and\n3. Any other secured party that, ten (10) days before the notification date,\nheld a security  interest in the collateral perfected by compliance with a\nstatute, regulation, or treaty described in KRS 355.9-311(1).\n(4) Subsection (2) of this section does not apply if the collateral is perishable or\nthreatens to decline speedily in value or is of a type customarily sold on a\nrecognized market.\n(5) A secured party complies with the requirement for notification prescribed by\nsubsection (3)(c)2. of this section if:\n(a) Not later than twenty (20) days or earlier than thirty (30) days before the\nnotification date, the secured party requests, in a commercially reasonable\nmanner, information concerning financing statements indexed under the\ndebtor's name in the office indicated in subsection (3)(c)2. of this section; and\n(b) Before the notification date, the secured party:\n1. Did not receive a response to the request for information; or\n2. Received a response to the request for information and sent a signed\nnotification of disposition to each secured party or other lienholder\nnamed in that response whose fina ncing statement covered the\ncollateral.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55708","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:49Z","sha256":"beb245745b051dda9cee00831515fad765d540d9052b26001acdb1fb254d570f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-610","next":"us-ky/krs-355.9-612"},"notice":"GroundRules: Original legal text. Not legal advice."}