{"data":{"id":"us-ky/krs-355.9-618","jurisdiction":"us-ky","citation":"KRS 355.9-618","heading":"Rights and duties of certain secondary obligors.","body":"(1) A secondary obligor acquires the rights and becomes obligated to perform the duties\nof the secured party after the secondary obligor:\n(a) Receives an assignment of a secured obligation from the secured party;\n(b) Receives a transfer of collateral from the secured party and agrees to accept\nthe rights and assume the duties of the secured party; or\n(c) Is subrogated to the rights of a secured party with respect to collateral.\n(2) An assignment, transfer, or subrogation described in subsection (1) of this section:\n(a) Is not a disposition of collateral under KRS 355.9-610; and\n(b) Relieves the secured party of further duties under this article.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33850","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:49Z","sha256":"3db8077f9132a48f188567537a005d6866b2e1d8f40ff3dd8256f53c0b5f787f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-617","next":"us-ky/krs-355.9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}