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Kentucky — Chapter 355 — UNIFORM COMMERCIAL CODE
- § 355.1-101 — Short titles
- § 355.1-102 — Scope of article
- § 355.1-103 — Construction of code to promote its purposes and policies -- Applicability of supplemental principles of law -- Use of official comments
- § 355.1-104 — Construction against implicit repeal
- § 355.1-105 — Severability
- § 355.1-106 — Use of singular and plural -- Gender
- § 355.1-107 — Section headnotes
- § 355.1-108 — Relation to Electronic Signatures in Global and National Commerce Act
- § 355.1-201 — General definitions
- § 355.1-202 — Notice -- Knowledge
- § 355.1-203 — Lease distinguished from security interest
- § 355.1-204 — Value
- § 355.1-205 — Reasonable time -- Seasonableness
- § 355.1-206 — Presumptions
- § 355.1-301 — Parties' power to choose applicable law -- Exceptions
- § 355.1-302 — Variation by agreement
- § 355.1-303 — Course of performance -- Course of dealing -- Usage of trade
- § 355.1-304 — Obligation of good faith
- § 355.1-305 — Remedies to be liberally administered
- § 355.1-306 — Waiver or renunciation of claim or right after breach
- § 355.1-307 — Prima facie evidence by third-party documents
- § 355.1-308 — Performance or acceptance under reservation of rights
- § 355.1-309 — Option to accelerate at will
- § 355.1-310 — Subordinated obligations
- § 355.2-101 — Short title
- § 355.2-102 — Scope -- Certain security and other transactions excluded from this article
- § 355.2-103 — Definitions and index of definitions
- § 355.2-104 — Definitions: "merchant" -- "Between merchants" -- "Financing agency."
- § 355.2-105 — Definitions: transferability -- "Goods" -- "Future" goods -- "Lot" -- "Commercial unit."
- § 355.2-106 — Definitions -- "Contract" -- "Agreement" -- "Contract for sale" -- "Sale" -- "Present sale" -- "Conforming" to contract -- "Termination" -- "Cancellation" -- "Hybrid transaction."
- § 355.2-107 — Goods to be severed from realty -- Recording
- § 355.2-201 — Formal requirements -- Statute of frauds
- § 355.2-202 — Final expression -- Parol or extrinsic evidence
- § 355.2-203 — Seals inoperative
- § 355.2-204 — Formation in general
- § 355.2-205 — Firm offers
- § 355.2-206 — Offer and acceptance in formation of contract
- § 355.2-207 — Additional terms in acceptance or confirmation
- § 355.2-209 — Modification, rescission, and waiver
- § 355.2-210 — Delegation of performance -- Assignment of rights
- § 355.2-301 — General obligations of parties
- § 355.2-302 — Unconscionable contract or clause
- § 355.2-303 — Allocation or division of risks
- § 355.2-304 — Price payable in money, goods, realty, or otherwise
- § 355.2-305 — Open price term
- § 355.2-306 — Output, requirements and exclusive dealings
- § 355.2-307 — Delivery in single lot or several lots
- § 355.2-308 — Absence of specified place for delivery
- § 355.2-309 — Absence of specific time provisions -- Notice of termination
- § 355.2-310 — Open time for payment or running of credit -- Authority to ship under reservation
- § 355.2-311 — Options and cooperation respecting performance
- § 355.2-312 — Warranty of title and against infringement -- Buyer's obligation against infringement
- § 355.2-313 — Express warranties by affirmation, promise, description, sample
- § 355.2-314 — Implied warranty: merchantability -- Usage of trade
- § 355.2-315 — Implied warranty: fitness for particular purpose
- § 355.2-316 — Exclusion or modification of warranties
- § 355.2-317 — Cumulation and conflict of warranties express or implied
- § 355.2-318 — Third party beneficiaries of warranties express or implied
- § 355.2-319 — F.O.B. and F.A.S. terms
- § 355.2-320 — C.I.F. and C. & F. terms
- § 355.2-321 — C.I.F. or C. & F.: "Net landed weights" -- "Payment on arrival" -- Warranty of condition on arrival
- § 355.2-322 — Delivery "ex-ship."
- § 355.2-323 — Form of bill of lading required in overseas shipment -- "Overseas."
- § 355.2-324 — "No arrival, no sale" term
- § 355.2-325 — "Letter of credit" term -- "Confirmed credit."
- § 355.2-326 — Sale on approval and sale or return -- Rights of creditors
- § 355.2-327 — Special incidents of sale on approval and sale or return
- § 355.2-328 — Sale by auction
- § 355.2-401 — Passing of title -- Reservation for security -- Limited application of this section
- § 355.2-402 — Rights of seller's creditors against sold goods
- § 355.2-403 — Power to transfer -- Good faith purchase of goods -- "Entrusting."
- § 355.2-501 — Insurable interest in goods -- Manner of identification of goods
- § 355.2-502 — Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency
- § 355.2-503 — Manner of seller's tender of delivery
- § 355.2-504 — Shipment by seller
- § 355.2-505 — Seller's shipment under reservation
- § 355.2-506 — Rights of financing agency
- § 355.2-507 — Effect of seller's tender -- Delivery on condition
- § 355.2-508 — Cure by seller of improper tender or delivery -- Replacement
- § 355.2-509 — Risk of loss in the absence of breach
- § 355.2-510 — Effect of breach on risk of loss
- § 355.2-511 — Tender of payment by buyer -- Payment by check
- § 355.2-512 — Payment by buyer before inspection
- § 355.2-513 — Buyer's right to inspection of goods
- § 355.2-514 — When documents deliverable on acceptance -- When on payment
- § 355.2-515 — Preserving evidence of goods in dispute
- § 355.2-601 — Buyer's rights on improper delivery
- § 355.2-602 — Manner and effect of rightful rejection
- § 355.2-603 — Merchant buyer's duties as to rightfully rejected goods
- § 355.2-604 — Buyer's options as to salvage of rightfully rejected goods
- § 355.2-605 — Waiver of buyer's objections by failure to particularize
- § 355.2-606 — What constitutes acceptance of goods
- § 355.2-607 — Effect of acceptance -- Notice of breach -- Burden of establishing breach after acceptance -- Notice of claim or litigation to person answerable over
- § 355.2-608 — Revocation of acceptance in whole or in part
- § 355.2-609 — Right to adequate assurance of performance
- § 355.2-610 — Anticipatory repudiation
- § 355.2-611 — Retraction of anticipatory repudiation
- § 355.2-612 — "Installment contract" -- Breach
- § 355.2-613 — Casualty to identified goods
- § 355.2-614 — Substituted performance
- § 355.2-615 — Excuse by failure of presupposed conditions
- § 355.2-616 — Procedure on notice claiming excuse
- § 355.2-701 — Remedies for breach of collateral contracts not impaired
- § 355.2-702 — Seller's remedies on discovery of buyer's insolvency
- § 355.2-703 — Seller's remedies in general
- § 355.2-704 — Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods
- § 355.2-705 — Seller's stoppage of delivery in transit or otherwise
- § 355.2-706 — Seller's resale including contract for resale
- § 355.2-707 — "Person in the position of a seller."
- § 355.2-708 — Seller's damages for nonacceptance or repudiation
- § 355.2-709 — Action for the price
- § 355.2-710 — Seller's incidental damages
- § 355.2-711 — Buyer's remedies in general -- Buyer's security interest in rejected goods
- § 355.2-712 — "Cover" -- Buyer's procurement of substitute goods
- § 355.2-713 — Buyer's damages for nondelivery or repudiation
- § 355.2-714 — Buyer's damages for breach in regard to accepted goods
- § 355.2-715 — Buyer's incidental and consequential damages
- § 355.2-716 — Buyer's right to specific performance or replevin
- § 355.2-717 — Deduction of damages from the price
- § 355.2-718 — Liquidation or limitation of damages -- Deposits
- § 355.2-719 — Contractual modification or limitation of remedy
- § 355.2-720 — Effect of "cancellation" or "rescission" on claims for antecedent breach
- § 355.2-721 — Remedies for fraud
- § 355.2-722 — Who can sue third parties for injury to goods
- § 355.2-723 — Proof of market price: time and place
- § 355.2-724 — Admissibility of market quotations
- § 355.2-725 — Statute of limitations in contracts for sale
- § 355.2A-101 — Short title
- § 355.2A-102 — Scope
- § 355.2A-103 — Definitions and index of definitions
- § 355.2A-104 — Lease subject to other law
- § 355.2A-105 — Territorial application of article to goods covered by certificate of title
- § 355.2A-106 — Limitation on power of parties to consumer lease to choose applicable law and judicial forum
- § 355.2A-107 — Waiver or renunciation of claim or right after default
- § 355.2A-108 — Unconscionability
- § 355.2A-109 — Option to accelerate at will
- § 355.2A-110 — Use of comments
- § 355.2A-201 — Statute of frauds
- § 355.2A-202 — Final expression -- Parol or extrinsic evidence
- § 355.2A-203 — Seals inoperative
- § 355.2A-204 — Formation in general
- § 355.2A-205 — Firm offers
- § 355.2A-206 — Offer and acceptance in formation of lease contract
- § 355.2A-208 — Modification, rescission, and waiver
- § 355.2A-209 — Lessee under finance lease as beneficiary of supply contract
- § 355.2A-210 — Express warranties
- § 355.2A-211 — Warranties against interference and against infringement -- Lessee's obligation against infringement
- § 355.2A-212 — Implied warranty of merchantability
- § 355.2A-213 — Implied warranty of fitness for particular purpose
- § 355.2A-214 — Exclusion or modification of warranties
- § 355.2A-215 — Cumulation and conflict of warranties express or implied
- § 355.2A-216 — Third-party beneficiaries of express and implied warranties
- § 355.2A-217 — Identification
- § 355.2A-218 — Insurance and proceeds
- § 355.2A-219 — Risk of loss
- § 355.2A-220 — Effect of default on risk of loss
- § 355.2A-221 — Casualty to identified goods
- § 355.2A-301 — Enforceability of lease contract
- § 355.2A-302 — Title to and possession of goods
- § 355.2A-303 — Alienability of party's interest under lease contract or of lessor's residual interest in goods -- Delegation of performance -- Transfer of rights
- § 355.2A-304 — Subsequent lease of goods by lessor
- § 355.2A-305 — Sale or sublease of goods by lessee
- § 355.2A-306 — Priority of certain liens arising by operation of law
- § 355.2A-307 — Priority of liens arising by attachment or levy on, security interests in, and other claims to goods
- § 355.2A-308 — Special rights of creditors
- § 355.2A-309 — Lessor's and lessee's rights when goods become fixtures
- § 355.2A-310 — Lessor's and lessee's rights when goods become accessions
- § 355.2A-311 — Priority subject to subordination
- § 355.2A-401 — Insecurity: adequate assurance of performance
- § 355.2A-402 — Anticipatory repudiation
- § 355.2A-403 — Retraction of anticipatory repudiation
- § 355.2A-404 — Substituted performance
- § 355.2A-405 — Excused performances
- § 355.2A-406 — Procedure on excused performance
- § 355.2A-407 — Irrevocable promises: finance leases
- § 355.2A-501 — Default procedure
- § 355.2A-502 — Notice after default
- § 355.2A-503 — Modification or impairment of rights and remedies
- § 355.2A-504 — Liquidation of damages
- § 355.2A-505 — Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies
- § 355.2A-506 — Statute of limitations
- § 355.2A-507 — Proof of market rent: time and place
- § 355.2A-508 — Lessee's remedies
- § 355.2A-509 — Lessee's rights on improper delivery -- Rightful rejection
- § 355.2A-510 — Installment lease contracts: rejection and default
- § 355.2A-511 — Merchant lessee's duties as to rightfully rejected goods
- § 355.2A-512 — Lessee's duties as to rightfully rejected goods
- § 355.2A-513 — Cure by lessor of improper tender or delivery -- Replacement
- § 355.2A-514 — Waiver of lessee's objections
- § 355.2A-515 — Acceptance of goods
- § 355.2A-516 — Effect of acceptance of goods -- Notice of default -- Burden of establishing default after acceptance -- Notice of claim or litigation to person answerable over
- § 355.2A-517 — Revocation of acceptance of goods
- § 355.2A-518 — Cover -- Substitute goods
- § 355.2A-519 — Lessee's damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods
- § 355.2A-520 — Lessee's incidental and consequential damages
- § 355.2A-521 — Lessee's right to specific performance or replevin
- § 355.2A-522 — Lessee's right to goods on lessor's insolvency
- § 355.2A-523 — Lessor's remedies
- § 355.2A-524 — Lessor's right to identify goods to lease contract
- § 355.2A-525 — Lessor's right to possession of goods
- § 355.2A-526 — Lessor's stoppage of delivery in transit or otherwise
- § 355.2A-527 — Lessor's rights to dispose of goods
- § 355.2A-528 — Lessor's damages for nonacceptance, failure to pay repudiation, or other default
- § 355.2A-529 — Lessor's action for rent
- § 355.2A-530 — Lessor's incidental damages
- § 355.2A-531 — Standing to sue third parties for injury to goods
- § 355.2A-532 — Lessor's rights to residual interest
- § 355.3-101 — Short title
- § 355.3-102 — Subject matter
- § 355.3-103 — Definitions
- § 355.3-104 — Negotiable instrument
- § 355.3-105 — Issue of instrument
- § 355.3-106 — Unconditional promise or order
- § 355.3-107 — Instrument payable in foreign money
- § 355.3-108 — Payable on demand or at definite time
- § 355.3-109 — Payable to bearer or order
- § 355.3-110 — Identification of person to whom instrument is payable
- § 355.3-111 — Place of payment
- § 355.3-112 — Interest
- § 355.3-113 — Date of instrument
- § 355.3-114 — Contradictory terms of instrument
- § 355.3-115 — Incomplete instrument
- § 355.3-116 — Joint and several liability -- Contribution
- § 355.3-117 — Other agreements affecting instrument
- § 355.3-118 — Statute of limitations
- § 355.3-119 — Notice of right to defend action
- § 355.3-201 — Negotiation
- § 355.3-202 — Negotiation subject to rescission
- § 355.3-203 — Transfer of instrument -- Rights acquired by transfer
- § 355.3-204 — Indorsement
- § 355.3-205 — Special indorsement -- Blank indorsement -- Anomalous indorsement
- § 355.3-206 — Restrictive indorsement
- § 355.3-207 — Reacquisition
- § 355.3-301 — Person entitled to enforce instrument
- § 355.3-302 — Holder in due course
- § 355.3-303 — Value and consideration
- § 355.3-304 — Overdue instrument
- § 355.3-305 — Defenses and claims in recoupment
- § 355.3-306 — Claims to an instrument
- § 355.3-307 — Notice of breach of fiduciary duty
- § 355.3-308 — Proof of signatures and status as holder in due course
- § 355.3-309 — Enforcement of lost, destroyed, or stolen instrument
- § 355.3-310 — Effect of instrument on obligation for which taken
- § 355.3-311 — Accord and satisfaction by use of instrument
- § 355.3-312 — Lost, destroyed, or stolen cashier's check, teller's check, or certified check
- § 355.3-401 — Signature necessary for liability on instrument
- § 355.3-402 — Signature by representative
- § 355.3-403 — Unauthorized signature
- § 355.3-404 — Impostors -- Fictitious payees
- § 355.3-405 — Employer's responsibility for fraudulent indorsement by employee
- § 355.3-406 — Negligence contributing to forged signature or alteration of instrument
- § 355.3-407 — Alteration
- § 355.3-408 — Drawee not liable on unaccepted draft
- § 355.3-409 — Acceptance of draft -- Certified check
- § 355.3-410 — Acceptance varying draft
- § 355.3-411 — Refusal to pay cashier's checks, teller's checks, and certified checks
- § 355.3-412 — Obligation of issuer of note or cashier's check
- § 355.3-413 — Obligation of acceptor
- § 355.3-414 — Obligation of drawer
- § 355.3-415 — Obligation of indorser
- § 355.3-416 — Transfer warranties
- § 355.3-417 — Presentment warranties
- § 355.3-418 — Payment or acceptance by mistake
- § 355.3-419 — Instruments signed for accommodation
- § 355.3-420 — Conversion of instrument
- § 355.3-501 — Presentment
- § 355.3-502 — Dishonor
- § 355.3-503 — Notice of dishonor
- § 355.3-504 — Excused presentment and notice of dishonor
- § 355.3-505 — Evidence of dishonor
- § 355.3-601 — Discharge and effect of dishonor
- § 355.3-602 — Payment
- § 355.3-603 — Tender of payment
- § 355.3-604 — Discharge by cancellation or renunciation
- § 355.3-605 — Discharge of secondary obligors
- § 355.4-101 — Short title
- § 355.4-102 — Applicability
- § 355.4-103 — Variation by agreement -- Measure of damages -- Action constituting ordinary care
- § 355.4-104 — Definitions and index of definitions
- § 355.4-105 — "Depositary bank" -- "Payor bank" -- "Intermediary bank" -- "Collecting bank" -- "Presenting bank."
- § 355.4-106 — Payable through or payable at bank -- Collecting bank
- § 355.4-107 — Separate office of a bank
- § 355.4-108 — Time of receipt of items
- § 355.4-109 — Delays
- § 355.4-110 — Electronic presentment
- § 355.4-111 — Statute of limitations
- § 355.4-201 — Status of collecting bank as agent and provisional status of credits -- Applicability of article -- Item indorsed "pay any bank."
- § 355.4-202 — Responsibility for collection or return -- When action timely
- § 355.4-203 — Effect of instructions
- § 355.4-204 — Methods of sending and presenting -- Sending directly to payor bank
- § 355.4-205 — Depositary bank holder of unindorsed item
- § 355.4-206 — Transfer between banks
- § 355.4-207 — Transfer warranties
- § 355.4-208 — Presentment warranties
- § 355.4-209 — Encoding and retention warranties
- § 355.4-210 — Security interest of collecting bank in items, accompanying documents, and proceeds
- § 355.4-211 — When bank gives value for purposes of holder in due course
- § 355.4-212 — Presentment by notice of item not payable by, through, or at bank -- Liability of drawer or indorser
- § 355.4-213 — Medium and time of settlement by bank
- § 355.4-214 — Right of charge-back or refund -- Liability of collecting bank -- Return of item
- § 355.4-215 — Final payment of item by payor bank -- When provisional debits and credits become final -- When certain credits become available for withdrawal
- § 355.4-216 — Insolvency and preference
- § 355.4-301 — Deferred posting -- Recovery of payment by return of items -- Time of dishonor -- Return of items by payor bank
- § 355.4-302 — Payor bank's responsibility for late return of item
- § 355.4-303 — When items subject to notice, stop-payment order, legal process, or setoff -- Order in which items may be charged or certified
- § 355.4-401 — When bank may charge customer's account
- § 355.4-402 — Bank's liability to customer for wrongful dishonor -- Time of determining insufficiency of account
- § 355.4-403 — Customer's right to stop payment -- Burden of proof of loss
- § 355.4-404 — Bank not obligated to pay check more than six months old
- § 355.4-405 — Death or incompetence of customer
- § 355.4-406 — Customer's duty to discover and report unauthorized signature or alteration
- § 355.4-407 — Payor bank's right to subrogation on improper payment
- § 355.4-501 — Handling of documentary drafts -- Duty to send for presentment and to notify customer of dishonor
- § 355.4-502 — Presentment of "on arrival" drafts
- § 355.4-503 — Responsibility of presenting bank for documents and goods -- Report of reasons for dishonor -- Referee in case of need
- § 355.4-504 — Privilege of presenting bank to deal with goods -- Security interest for expenses
- § 355.4A-101 — Short title
- § 355.4A-102 — Subject matter
- § 355.4A-103 — Payment order -- Definitions
- § 355.4A-104 — Funds transfer -- Definitions
- § 355.4A-105 — Other definitions
- § 355.4A-106 — Time payment order is received
- § 355.4A-107 — Federal Reserve regulations and operating circulars
- § 355.4A-108 — Exclusion of consumer transactions
- § 355.4A-201 — Security procedure
- § 355.4A-202 — Authorized and verified payment orders
- § 355.4A-203 — Unenforceability of certain verified payment orders
- § 355.4A-204 — Refund of payment and duty of customer to report with respect to unauthorized payment order
- § 355.4A-205 — Erroneous payment orders
- § 355.4A-206 — Transmission of payment order through funds -- Transfer or other communication system
- § 355.4A-207 — Misdescription of beneficiary
- § 355.4A-208 — Misdescription of intermediary bank or beneficiary's bank
- § 355.4A-209 — Acceptance of payment order
- § 355.4A-210 — Rejection of payment order
- § 355.4A-211 — Cancellation and amendment of payment order
- § 355.4A-212 — Liability and duty of receiving bank regarding unaccepted payment order
- § 355.4A-301 — Execution and execution date
- § 355.4A-302 — Obligation of receiving bank in execution of payment order
- § 355.4A-303 — Erroneous execution of payment order
- § 355.4A-304 — Duty of sender to report erroneously executed payment order
- § 355.4A-305 — Liability for late or improper execution or failure to execute payment order
- § 355.4A-401 — Payment date
- § 355.4A-402 — Obligation of sender to pay receiving bank
- § 355.4A-403 — Payment by sender to receiving bank
- § 355.4A-404 — Obligation of beneficiary's bank to pay and give notice to beneficiary
- § 355.4A-405 — Payment by beneficiary's bank to beneficiary
- § 355.4A-406 — Payment by originator to beneficiary -- Discharge of underlying obligation
- § 355.4A-501 — Variation by agreement and effect of funds-transfer system rule
- § 355.4A-502 — Creditor process served on receiving bank -- Set-off by beneficiary's bank
- § 355.4A-503 — Injunction or restraining order with respect to funds transfer
- § 355.4A-504 — Order in which items and payment orders may be charged to account - - Order of withdrawals from account
- § 355.4A-505 — Preclusion of objection to debit of customer's account
- § 355.4A-506 — Rate of interest
- § 355.4A-507 — Choice of law
- § 355.5-101 — Short title
- § 355.5-102 — Definitions
- § 355.5-103 — Scope
- § 355.5-104 — Formal requirements
- § 355.5-105 — Consideration
- § 355.5-106 — Issuance, amendment, cancellation, and duration
- § 355.5-107 — Confirmer, nominated person, and adviser
- § 355.5-108 — Issuer's rights and obligations
- § 355.5-109 — Fraud and forgery
- § 355.5-110 — Warranties
- § 355.5-111 — Remedies
- § 355.5-112 — Transfer of letter of credit
- § 355.5-113 — Transfer by operation of law
- § 355.5-114 — Assignment of proceeds
- § 355.5-115 — Statute of limitations
- § 355.5-116 — Choice of law and forum
- § 355.5-117 — Subrogation of issuer, applicant, and nominated person
- § 355.5-118 — Security interest of issuer or nominated person
- § 355.7-101 — Short title
- § 355.7-102 — Definitions and index of definitions
- § 355.7-103 — Relation of article to treaty or statute
- § 355.7-104 — Negotiable and nonnegotiable document of title
- § 355.7-105 — Reissuance in alternative medium
- § 355.7-106 — Control of electronic document of title
- § 355.7-201 — Person that may issue a warehouse receipt -- Storage under bond
- § 355.7-202 — Form of warehouse receipt -- Effect of omission
- § 355.7-203 — Liability for nonreceipt or misdescription
- § 355.7-204 — Duty of care -- Contractual limitation of warehouse's liability
- § 355.7-205 — Title under warehouse receipt defeated in certain cases
- § 355.7-206 — Termination of storage at warehouse's option
- § 355.7-207 — Goods must be kept separate -- Fungible goods
- § 355.7-208 — Altered warehouse receipts
- § 355.7-209 — Lien of warehouse
- § 355.7-210 — Enforcement of warehouse's lien
- § 355.7-301 — Liability for nonreceipt or misdescription -- "Said to contain" -- "Shipper's weight, load and count" -- Improper handling
- § 355.7-302 — Through bills of lading and similar documents of title
- § 355.7-303 — Diversion -- Reconsignment -- Change of instructions
- § 355.7-304 — Tangible bills of lading in a set
- § 355.7-305 — Destination bills
- § 355.7-306 — Altered bills of lading
- § 355.7-307 — Lien of carrier
- § 355.7-308 — Enforcement of carrier's lien
- § 355.7-309 — Duty of care -- Contractual limitation of carrier's liability
- § 355.7-401 — Irregularities in issue of receipt or bill or conduct of issuer
- § 355.7-402 — Duplicate document of title -- Overissue
- § 355.7-403 — Obligation of bailee to deliver -- Excuse
- § 355.7-404 — No liability for good faith delivery pursuant to document of title
- § 355.7-501 — Form of negotiation and requirements of due negotiation
- § 355.7-502 — Rights acquired by due negotiation
- § 355.7-503 — Document of title to goods defeated in certain cases
- § 355.7-504 — Rights acquired in the absence of due negotiation -- Effect of diversion -- Stoppage of delivery
- § 355.7-505 — Indorser not guarantor for other parties
- § 355.7-506 — Delivery without indorsement: right to compel indorsement
- § 355.7-507 — Warranties on negotiation or delivery of document of title
- § 355.7-508 — Warranties of collecting bank as to documents of title
- § 355.7-509 — Adequate compliance with commercial contract
- § 355.7-601 — Lost, stolen, or destroyed documents of title
- § 355.7-602 — Judicial process against goods covered by negotiable document of title
- § 355.7-603 — Conflicting claims -- Interpleader
- § 355.7-703 — Applicability
- § 355.7-704 — Savings clause
- § 355.8-101 — Short title
- § 355.8-102 — Definitions and index of definitions
- § 355.8-103 — Rules for determining whether certain obligations and interests are securities or financial assets
- § 355.8-104 — Acquisition of security or financial asset or interest therein
- § 355.8-105 — Notice of adverse claim
- § 355.8-106 — Control
- § 355.8-107 — Whether indorsement, instruction, or entitlement order is effective
- § 355.8-108 — Warranties in direct holding
- § 355.8-109 — Warranties in indirect holding
- § 355.8-110 — Applicability -- Choice of law
- § 355.8-111 — Clearing corporation rules
- § 355.8-112 — Creditor's legal process
- § 355.8-113 — Statute of frauds inapplicable
- § 355.8-114 — Evidentiary rules concerning certificated securities
- § 355.8-115 — Securities intermediary and others not liable to adverse claimant
- § 355.8-116 — Securities intermediary as purchaser for value
- § 355.8-201 — "Issuer."
- § 355.8-202 — Issuer's responsibility and defenses -- Notice of defect of defense
- § 355.8-203 — Staleness as notice of defect or defense
- § 355.8-204 — Effect of issuer's restrictions on transfer
- § 355.8-205 — Effect of unauthorized signature on security certificate
- § 355.8-206 — Completion or alteration of security certificate
- § 355.8-207 — Rights and duties of issuer with respect to registered owners
- § 355.8-208 — Effect of signature of authenticating trustee, registrar, or transfer agent
- § 355.8-209 — Issuer's lien
- § 355.8-210 — Overissue
- § 355.8-301 — Delivery
- § 355.8-302 — Rights of purchaser
- § 355.8-303 — Protected purchaser
- § 355.8-304 — Indorsement
- § 355.8-305 — Instruction
- § 355.8-306 — Effect of guaranteeing signature, indorsement, or instruction
- § 355.8-307 — Purchaser's right to requisites for registration of transfer
- § 355.8-401 — Duty of issuer to register transfer
- § 355.8-402 — Assurance that indorsement or instruction is effective
- § 355.8-403 — Demand that issuer not register transfer
- § 355.8-404 — Wrongful registration
- § 355.8-405 — Replacement of lost, destroyed, or wrongfully taken security certificate
- § 355.8-406 — Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate
- § 355.8-407 — Authenticating trustee, transfer agent, and registrar
- § 355.8-501 — Securities account -- Acquisition of security entitlement from securities intermediary
- § 355.8-502 — Assertion of adverse claim against entitlement holder
- § 355.8-503 — Property interest of entitlement holder in financial asset held by securities intermediary
- § 355.8-504 — Duties of securities intermediary to maintain financial asset
- § 355.8-505 — Duty of securities intermediary with respect to payments and distributions
- § 355.8-506 — Duty of securities intermediary to exercise rights as directed by entitlement holder
- § 355.8-507 — Duty of securities intermediary to comply with entitlement order
- § 355.8-508 — Duty of securities intermediary to change entitlement holder's position to other form of security holding
- § 355.8-509 — Specification of duties of securities intermediary by other statute or regulation -- Manner of performance of duties of securities intermediary and exercise of rights of entitlement holder
- § 355.8-510 — Rights of purchaser of security entitlement from entitlement holder
- § 355.8-511 — Priority among security interests and entitlement holders
- § 355.9-101 — Short title
- § 355.9-102 — Definitions and index of definitions
- § 355.9-103 — Purchase-money security interest -- Application of payments -- Burden of establishing
- § 355.9-104 — Control of deposit account
- § 355.9-105 — Control of electronic copy of record evidencing chattel paper
- § 355.9-1051 — Control of electronic money
- § 355.9-106 — Control of investment property
- § 355.9-107 — Control of letter-of-credit right
- § 355.9-1071 — Control of controllable electronic record, controllable account, or controllable payment intangible
- § 355.9-1072 — No requirement to acknowledge or confirm -- No duties
- § 355.9-108 — Sufficiency of description
- § 355.9-109 — Scope
- § 355.9-110 — Security interests arising under Article 2 or 2A
- § 355.9-201 — General effectiveness of security agreement
- § 355.9-202 — Title to collateral immaterial
- § 355.9-203 — Attachment and enforceability of security interest -- Proceeds -- Supporting obligations -- Formal requisites
- § 355.9-204 — After-acquired property -- Future advances
- § 355.9-205 — Use or disposition of collateral permissible
- § 355.9-206 — Security interest arising in purchase or delivery of financial asset
- § 355.9-207 — Rights and duties of secured party having possession or control of collateral
- § 355.9-208 — Additional duties of secured party having control of collateral
- § 355.9-209 — Duties of secured party if account debtor has been notified of assignment
- § 355.9-210 — Request for accounting -- Request regarding list of collateral or statement of account
- § 355.9-301 — Law governing perfection and priority of security interests
- § 355.9-302 — Law governing perfection and priority of agricultural liens
- § 355.9-303 — Law governing perfection and priority of security interests in goods covered by a certificate of title
- § 355.9-304 — Law governing perfection and priority of security interests in deposit accounts
- § 355.9-305 — Law governing perfection and priority of security interests in investment property
- § 355.9-306 — Law governing perfection and priority of security interests in letter-of-credit rights
- § 355.9-3061 — Law governing perfection and priority of security interests in chattel paper
- § 355.9-3062 — Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles
- § 355.9-307 — Location of debtor
- § 355.9-308 — When security interest or agricultural lien is perfected -- Continuity of perfection
- § 355.9-309 — Security interest perfected upon attachment
- § 355.9-310 — When filing required to perfect security interest or agricultural lien -- Security interests and agricultural liens to which filing provisions do not apply
- § 355.9-311 — Perfection of security interests in property subject to certain statutes, regulations, and treaties
- § 355.9-313 — When possession by or delivery to secured party perfects security interest without filing
- § 355.9-314 — Perfection by control
- § 355.9-3141 — Perfection by possession and control of chattel paper
- § 355.9-315 — Secured party's rights on disposition of collateral and in proceeds
- § 355.9-316 — Continued perfection of security interest following change in governing law
- § 355.9-317 — Interests that take priority over or take free of security interest or agricultural lien
- § 355.9-318 — No interest retained in right to payment that is sold -- Rights and title of seller of account or chattel paper with respect to creditors and purchasers
- § 355.9-319 — Rights and title of consignee with respect to creditors and purchasers
- § 355.9-320 — Buyer of goods
- § 355.9-321 — Licensee of general intangible and lessee of goods in ordinary course of business
- § 355.9-322 — Priorities among conflicting security interests in and agricultural liens on same collateral
- § 355.9-323 — Future advances
- § 355.9-324 — Priority of purchase-money security interests
- § 355.9-325 — Priority of security interests in transferred collateral
- § 355.9-326 — Priority of security interests created by new debtor
- § 355.9-3261 — Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible
- § 355.9-327 — Priority of security interests in deposit account
- § 355.9-328 — Priority of security interests in investment property
- § 355.9-329 — Priority of security interests in letter-of-credit right
- § 355.9-330 — Priority of purchaser of chattel paper or instrument
- § 355.9-331 — Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment tangibles, documents, instruments, and securities under other articles -- Priority of interests in financial assets and security entitlements and protection against assertion of claim under Articles 8 and 12
- § 355.9-332 — Transfer of money -- Transfer of funds from deposit account
- § 355.9-333 — Priority of certain liens arising by operation of law
- § 355.9-334 — Priority of security interests in fixtures and crops
- § 355.9-335 — Accessions
- § 355.9-336 — Commingled goods
- § 355.9-337 — Priority of security interests in goods covered by certificate of title
- § 355.9-338 — Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
- § 355.9-339 — Priority subject to subordination
- § 355.9-340 — Effectiveness of right of recoupment or set-off against deposit account
- § 355.9-341 — Bank's rights and duties with respect to deposit account
- § 355.9-342 — Bank's right to refuse to enter into or disclose existence of control agreement
- § 355.9-401 — Alienability of debtor's rights
- § 355.9-402 — Secured party not obligated on contract of debtor or in tort
- § 355.9-403 — Agreement not to assert defenses against assignee
- § 355.9-404 — Rights acquired by assignee -- Claims and defenses against assignee
- § 355.9-405 — Modification of assigned contract
- § 355.9-406 — Discharge of account debtor -- Notification of assignment -- Identification and proof of assignment -- Restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective
- § 355.9-407 — Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest
- § 355.9-408 — Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective
- § 355.9-409 — Restrictions on assignment of letter-of-credit rights ineffective
- § 355.9-501 — Filing office
- § 355.9-502 — Contents of financing statement -- Record of mortgage as financing statement -- Time of filing financing statement
- § 355.9-503 — Name of debtor and secured party
- § 355.9-504 — Indication of collateral
- § 355.9-505 — Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions
- § 355.9-506 — Effect of errors or omissions
- § 355.9-507 — Effect of certain events on effectiveness of financing statement
- § 355.9-508 — Effectiveness of financing statement if new debtor becomes bound by security agreement
- § 355.9-509 — Persons entitled to file a record
- § 355.9-510 — Effectiveness of filed record
- § 355.9-511 — Secured party of record
- § 355.9-512 — Amendment of financing statement
- § 355.9-513 — Termination statement
- § 355.9-513A — Termination of wrongfully filed record -- Reinstatement
- § 355.9-514 — Assignment of powers of secured party of record
- § 355.9-515 — Duration and effectiveness of financing statement -- Effect of lapsed financing statement
- § 355.9-516 — What constitutes filing -- Effectiveness of filing
- § 355.9-516A — Administrative rejection of unauthorized records
- § 355.9-517 — Effect of indexing errors
- § 355.9-518 — Claim concerning inaccurate or wrongfully filed record
- § 355.9-519 — Numbering, maintaining, and indexing records -- Communicating information provided in records
- § 355.9-520 — Acceptance and refusal to accept record
- § 355.9-521 — Uniform form of written financing statement and amendment
- § 355.9-522 — Maintenance and destruction of records
- § 355.9-523 — Information from filing office -- Sale or license of records
- § 355.9-524 — Delay by filing office
- § 355.9-525 — Fees
- § 355.9-526 — Filing-office rules
- § 355.9-527 — Duty to report
- § 355.9-601 — Rights after default -- Judicial enforcement -- Consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes
- § 355.9-602 — Waiver and variance of rights and duties
- § 355.9-603 — Agreement on standards concerning rights and duties
- § 355.9-604 — Procedure if security agreement covers real property or fixtures
- § 355.9-605 — Unknown debtor or secondary obligor
- § 355.9-606 — Time of default for agricultural lien
- § 355.9-607 — Collection and enforcement by secured party
- § 355.9-608 — Application of proceeds of collection or enforcement -- Liability for deficiency and right to surplus
- § 355.9-609 — Secured party's right to take possession after default
- § 355.9-610 — Disposition of collateral after default
- § 355.9-611 — Notification before disposition of collateral
- § 355.9-612 — Timeliness of notification before disposition of collateral
- § 355.9-613 — Contents and form of notification before disposition of collateral: General
- § 355.9-614 — Contents and form of notification before disposition of collateral: Consumer-goods transaction
- § 355.9-615 — Application of proceeds of disposition -- Liability for deficiency and right to surplus
- § 355.9-616 — Explanation of calculation of surplus or deficiency
- § 355.9-617 — Rights of transferee of collateral
- § 355.9-618 — Rights and duties of certain secondary obligors
- § 355.9-619 — Transfer of record or legal title
- § 355.9-620 — Acceptance of collateral in full or partial satisfaction of obligation -- Compulsory disposition of collateral
- § 355.9-621 — Notification of proposal to accept collateral
- § 355.9-622 — Effect of acceptance of collateral
- § 355.9-623 — Right to redeem collateral
- § 355.9-624 — Waiver
- § 355.9-625 — Remedies for secured party's failure to comply with article
- § 355.9-626 — Action in which deficiency or surplus is in issue
- § 355.9-627 — Determination of whether conduct was commercially reasonable
- § 355.9-628 — Nonliability and limitation on liability of secured party -- Liability of secondary obligor
- § 355.9-701 — Effective date
- § 355.9-702 — Savings clause
- § 355.9-703 — Security interest perfected before effective date
- § 355.9-704 — Security interest unperfected before effective date
- § 355.9-705 — Effectiveness of action taken before effective date
- § 355.9-706 — When initial financing statement suffices to continue effectiveness of financing statement -- Minor errors or omissions
- § 355.9-707 — Amendment of pre-effective-date financing statement
- § 355.9-708 — Persons entitled to file initial financing statement or continuation statement
- § 355.9-709 — Priority
- § 355.9-710 — Duties of county clerk
- § 355.9-801 — Effective date of statutory changes contained in 2012 Ky. Acts ch. 132
- § 355.9-802 — Application
- § 355.9-803 — Security interest perfected before effective date
- § 355.9-804 — Security interest unperfected before effective date
- § 355.9-805 — Effectiveness of action taken before effective date
- § 355.9-806 — When initial financing statement suffices to continue effectiveness of financing statement
- § 355.9-807 — Amendment of pre-effective-date financing statement
- § 355.9-808 — Person entitled to file initial financing statement or continuation statement
- § 355.9-809 — Priority
- § 355.10-101 — Provision for transition
- § 355.10-102 — Laws not repealed
- § 355.11-011 — Short title
- § 355.11-012 — Definitions
- § 355.11-021 — General transactional provision -- Savings clause
- § 355.11-031 — Savings clause
- § 355.11-032 — Security interest perfected before January 1, 2025
- § 355.11-033 — Security interest unperfected before January 1, 2025
- § 355.11-034 — Effectiveness of actions taken before January 1, 2025
- § 355.11-035 — Priority
- § 355.11-036 — Priority of claims when priority rules of Article 9 do not apply
- § 355.12-101 — Short title
- § 355.12-102 — Definitions
- § 355.12-103 — Relation to Article 9 and consumer laws
- § 355.12-104 — Rights in controllable account, controllable electronic record, and controllable payment intangible
- § 355.12-105 — Control of controllable electronic record
- § 355.12-106 — Discharge of account debtor on controllable account or controllable payment intangible
- § 355.12-107 — Governing law
General legal information, not legal advice. Jurisio is not a law firm.