Ky. Rev. Stat. » Chapter 355
Kentucky Revised Statutes

Ky. Rev. Stat. § 355.1-305 (2026)

Remedies to be liberally administered

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(1) The remedies provided by the Uniform Commercial Code must be liberally administered to the end that the aggrieved party may be put in as good a position as if the other party had fully performed, but neither consequential or special damages nor penal damages may be had except as specifically provided in the Uniform Commercial Code or by other rule of law.

(2) Any right or obligation declared by the Uniform Commercial Code is enforceable by action unless the provision declaring it specifies a different and limited effect. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 242, sec. 19, effective July 12, 2006.

Notes of Decisions
Cited in 3 cases (2 in the last 5 years), 2014–2023 · leading case: Mark D. Dean, P.S.C. v. Commonwealth Bank & Trust Co., 434 S.W.3d 489 (Ky. 2014).
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Mark D. Dean, P.S.C. v. Commonwealth Bank & Trust Co., 434 S.W.3d 489 (Ky. 2014). “” KRS 355.1-305(1). This has led many commentators to conclude that the UCC, as a comprehensive code of law (rather than a single statute or series of related statutes), should be read broadly to preempt common-law and other non-code causes of action.”
Cosmopolitan Title Agency, LLC v. JP Morgan Chase Bank, N.A., No. 5:22-cv-00286 (E.D. Ky. Jan. 6, 2023). “§ 355.1-305 (Lexis Nexis 2022); see also JESCO Constr.”
Cosmopolitan Title Agency, LLC v. JP Morgan Chase Bank, N.A., 649 F. Supp. 3d 459 (E.D. Ky. 2023). “§ 355.1-305 (Lexis Nexis 2022); see also JESCO Constr.”
Ky. Rev. Stat. § 355.1-305(1): 1 case
Mark D. Dean, P.S.C. v. Commonwealth Bank & Trust Co., 434 S.W.3d 489 (Ky. 2014). “” KRS 355.1-305(1). This has led many commentators to conclude that the UCC, as a comprehensive code of law (rather than a single statute or series of related statutes), should be read broadly to preempt common-law and other non-code causes of action.”
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