2014 Kentucky Revised Statutes
CHAPTER 355 - UNIFORM COMMERCIAL CODE
Article 9 - Secured Transactions -- Sales of Accounts, Contract Rights, and Chattel Paper
9.9-521 Uniform form of written financing statement and amendment.
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<![CDATA[355.9-521 Uniform form of written financing statement and amendment.
(1)
(2)
A filing office that accepts written records may not refuse to accept a written
initial financing statement in the form and format set forth in the official text of
the 2010 amendments to Article 9 of the Uniform Commercial Code
promulgated by The American Law Institute and the National Conference of
Commissioners on Uniform State Laws, except for a reason set forth in KRS
355.9-516(2).
A filing office that accepts written records may not refuse to accept a written
record in the form and format set forth as Form UCC3 and Form UCC3Ad in
the final official text of the 2010 amendments to Article 9 of the Uniform
Commercial Code promulgated by The American Law Institute and the National
Conference of Commissioners on Uniform State Laws, except for a reason set
forth in KRS 355.9-516(2).
Effective:July 1, 2013
History: Amended 2012 Ky. Acts ch. 132, sec. 88, effective July 1, 2013. -Created 2000 Ky. Acts ch. 408, sec. 112, effective July 1, 2001.
Legislative Research Commission Note (3/14/2013). 2013 Ky. Acts ch. 10, secs.
2 and 3 provide that the statutes in Article 9 of the Uniform Commercial Code
that were amended or created in 2012 Ky. Acts ch. 132, secs. 60 to 99, are
effective July 1, 2013. This statute was one of those sections. Since only the
effective date of a prior Act was altered, and not the text of the affected statutes,
reference to 2013 Ky. Acts ch. 10 does not appear in the history for this statute.
Legislative Research Commission Note (7/12/2012). In 2010, the National
Conference of Commissioners on Uniform State Laws and the American Law
Institute proposed a Uniform Act for adoption by the states that contained
revisions to Article 9 of the Uniform Commercial Code. The effective date for all
proposed Article 9 revisions was to be July 1, 2013. Those revisions were
enacted in 2012 Ky. Acts Chapter 132, Sections 60 to 99. Sections 60 to 90
contained the substantive Article 9 revisions, and Sections 91 to 99 contained
the transitional Article 9 revisions created to handle secured transactions made
prior to July 1, 2013. Section 91 of that Act (codified as KRS 355.9-801) and
Section 102 of that Act (a noncodified effective date provision) both stated,
"Sections 91 to 99 of this Act take effect July 1, 2013." The normal effective date
for legislation enacted at the 2012 Regular Session of the General Assembly is
July 12, 2012. In Opinion of the Attorney General 12-010, issued July 3, 2012,
Section 91 (codified as KRS 355.9-801) was determined to have contained a
manifest clerical error, and should have instead read, "Sections 60 to 90 of this
Act take effect July 1, 2013," thereby making the substantive Article 9 revisions
effective on the same date as the transitional Article 9 provisions in conformity
with the 2010 Uniform Act proposal and 2012 Ky. Acts Chapter 132, Section
102. This statute was one of the substantive provisions of Article 9 contained in
2012 Ky. Acts Chapter 132, Sections 60 to 90.
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