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Can you summarize KYRS Chapter 355.9?
UNIFORM COMMERCIAL CODE > Secured Transactions -- Sales of Accounts, Contract Rights, and Chattel Paper
Short Summary
These legal documents, part of the Kentucky Revised Statutes, specifically address secured transactions related to the sales of accounts, contract rights, and chattel paper. They provide definitions, rules, and guidelines for various aspects of secured transactions, including perfection and priority of security interests, control of collateral, sufficiency of description, and exemptions. The documents apply to individuals and organizations involved in secured transactions in the state of Kentucky. They do not mention specific penalties for non-compliance or violation. Overall, these documents serve as a comprehensive guide for individuals and organizations navigating secured transactions in Kentucky.
Whom does it apply to?
Individuals and organizations involved in secured transactions in the state of Kentucky
What does it govern?
Secured Transactions -- Sales of Accounts, Contract Rights, and Chattel Paper
What are exemptions?
Exemptions include when preempted by federal law, when another Kentucky statute expressly governs the security interest, when a statute of another state or foreign country expressly governs the security interest, and in other specific circumstances
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
Kentucky