Section 355.9-301 - [Effective Until 1/1/2025] Law governing perfection and priority of security interestsExcept as otherwise provided in KRS 355.9-303 to 355.9-306, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral:
(1) Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.(2) While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral.(3) Except as otherwise provided in subsection (4) of this section, while tangible negotiable documents, goods, instruments, money, or tangible chattel paper is located in a jurisdiction, the local law of that jurisdiction governs: (a) Perfection of a security interest in the goods by filing a fixture filing;(b) Perfection of a security interest in timber to be cut; and(c) The effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral.(4) The local law of the jurisdiction in which the wellhead or minehead is located governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in as-extracted collateral.Amended by 2012 Ky. Acts ch. 132,§ 65, eff. 7/11/2012. Repealed and reenacted 2000, Ky. Acts ch. 408, sec. 41, effective 7/1/2001. -- Amended 1996, Ky. Acts ch. 130, sec. 171, effective 1/1/1997. -- Amended 1986 Ky. Acts ch. 118, sec. 63, effective 7/1/1987. -- Amended 1982 Ky. Acts ch. 199, sec. 1, effective 7/15/1982. -- Amended 1962 Ky. Acts ch. 83, sec. 6. --Created 1958 Ky. Acts ch. 77, sec. 9-301.This section is set out more than once due to postponed, multiple, or conflicting amendments.