{"data":{"id":"us-ky/krs-355.9-627","jurisdiction":"us-ky","citation":"KRS 355.9-627","heading":"Determination of whether conduct was commercially reasonable.","body":"(1) The fact that a greater amount could have been obtained by a collection,\nenforcement, disposition, or acceptance at a different time or in a different method\nfrom that selected by the secured party is not of itself sufficient to preclude the\nsecured party from establishing that the collection, enforcement, disposition, or\nacceptance was made in a commercially reasonable manner.\n(2) A disposition of collateral is made in a commercially reasonable manner if the\ndisposition is made:\n(a) In the usual manner on any recognized market;\n(b) At the price current in any recognized market at the time of the disposition; or\n(c) Otherwise in conformity with reasonable commercial practices among dealers\nin the type of property that was the subject of the disposition.\n(3) A collection, enforcement, disposition, or acceptance is commercially reasonable if\nit has been approved:\n(a) In a judicial proceeding;\n(b) By a bona fide creditors' committee;\n(c) By a representative of creditors; or\n(d) By an assignee for the benefit of creditors.\n(4) Approval under subsection (3) of this section need not be obtained, and lack of\napproval does not mean that the collection, enforcement, disposition, or acceptance\nis not commercially reasonable.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33859","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:49Z","sha256":"b6b654b4bca11fe75594fabcc140b195d2d3b4cb59f1410e42db1ad86751233b","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-626","next":"us-ky/krs-355.9-628"},"notice":"GroundRules: Original legal text. Not legal advice."}