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355.9-309 Security interest perfected upon attachment.
The following security interests are perfected when they attach:
(1) A purchase-money security interest in consumer goods, except as otherwise
provided in KRS 355.9-311(2) with respect to consumer goods that are subject to a
statute or treaty described in KRS 355.9-311(1);
(2) An assignment of accounts or payment intangibles which does not by itself or in
conjunction with other assignments to the same assignee transfer a significant part
of the assignor's outstanding accounts or payment intangibles;
(3) A sale of a payment intangible;
(4) A sale of a promissory note;
(5) A security interest created by the assignment of a health-care-insurance receivable
to the provider of the health-care goods or services;
(6) A security interest arising under KRS 355.2-401, 355.2-505, 355.2-711(3), or
355.2A-508(5), until the debtor obtains possession of the collateral;
(7) A security interest of a collecting bank arising under KRS 355.4-210;
(8) A security interest of an issuer or nominated person arising under KRS 355.5-118;
(9) A security interest arising in the delivery of a financial asset under KRS 355.9206(3);
(10) A security interest in investment property created by a broker or securities
intermediary;
(11) A security interest in a commodity contract or a commodity account created by a
commodity intermediary;
(12) An assignment for the benefit of all creditors of the transferor and subsequent
transfers by the assignee thereunder;
(13) A security interest created by an assignment of a beneficial interest in a decedent's
estate; and
(14) A sale by an individual of an account that is a right to payment of winnings in a
lottery or other game of chance.
Effective: July 12, 2006
History: Amended 2006 Ky. Acts ch. 242, sec. 59, effective July 12, 2006. -- Repealed
and reenacted 2001 Ky. Acts ch. 119, sec. 7, effective July 1, 2001. -- Repealed and
reenacted 2000 Ky. Acts ch. 408, sec. 49, effective July 1, 2001. -- Amended 1996
Ky. Acts ch. 130, sec. 177, effective January 1, 1997 -- Amended 1986 Ky. Acts ch.
118, sec. 70, effective July 1, 1987. -- Created 1958 Ky. Acts ch. 77, sec. 9-309,
effective July 1, 1960.
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