gives rise to the rights and remedies provided in subsection (4) of this section, but a transfer that is prohibited or is an event of default under the lease agreement is otherwise effective.
is not enforceable, and such a transfer is not a transfer that materially impairs the prospect of obtaining return performance by, materially changes the duty of, or materially increases the burden or risk imposed on, the other party to the lease contract within the purview of subsection (5).
then, except as limited by contract:
KRS 355.2A-303
Amended 2000, Ky. Acts ch. 408, sec. 164, effective7/1/2001. -- Amended 1992 Ky. Acts ch. 116, sec. 4, effective 1/1/1993 -- Created 1990 Ky. Acts ch. 363, sec. 33, effective 1/1/1991.