{"data":{"id":"us-ky/krs-355.9-703","jurisdiction":"us-ky","citation":"KRS 355.9-703","heading":"Security interest perfected before effective date.","body":"(1) A security interest that is enforceable immediately before July 1, 2001, and would\nhave priority over the rights of a person that becomes a lien creditor at that time is a\nperfected security interest under the revision of Article 9 in 2000 Ky. Acts ch. 408\nif, on July 1, 2001, the applicable requirements for enforceability and perfection\nunder the revision of Article 9 in 2000 Ky. Acts ch.  408 are satisfied without\nfurther action.\n(2) Except as otherwise provided in KRS 355.9 -705, if, immediately before Ju ly 1,\n2001, a security interest is enforceable and would have priority over the rights of a\nperson that becomes a lien creditor at that time, but the applicable requirements for\nenforceability or perfection under the revision of Article 9 in 2000 Ky. Acts ch. 408\nare not satisfied on July 1, 2001, the security interest:\n(a) Is a perfected security interest for one (1) year after July 1, 2001;\n(b) Remains enforceable thereafter only if the security interest becomes\nenforceable under KRS 355.9-203 before the year expires; and\n(c) Remains perfected thereafter only if the applicable requirements for perfection\nunder the revision of Article 9 in 2000 Ky. Acts ch. 408 are satisfied before\nthe year expires.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33863","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:49Z","sha256":"d7182ab822cacf4de1e437a366011c4a4c04fe710191ae048bdd25e57809aeba","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-702","next":"us-ky/krs-355.9-704"},"notice":"GroundRules: Original legal text. Not legal advice."}