Kentucky Revised Statutes
Ky. Rev. Stat. § 355.9-504 (2026)
Indication of collateral
✓ current as of May 2026
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A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
(1) A description of the collateral pursuant to KRS 355.9-108; or
(2) An indication that the financing statement covers all assets or all personal property. Effective: July 1, 2001 History: Repealed and reenacted 2000 Ky. Acts ch. 408, sec. 95, effective July 1, 2001. -- Amended 1986 Ky. Acts ch. 118, sec. 84, effective July 1, 1987. -- Created 1958 Ky. Acts ch. 77, sec. 9-504, effective July 1, 1960.
Notes of Decisions
Cited in 25
cases, 1964–2013 · leading case: Bank Josephine v. Conn, 599 S.W.2d 773 (Ky. Ct. App. 1980).
Bank Josephine v. Conn, 599 S.W.2d 773 (Ky. Ct. App. 1980). “KRS 355.9-504. The issues are whether the trial court erred: (1) in failing to direct a verdict for the appellant; and (2) in admitting into evidence certain expert testimony.”
Ford Motor Credit Co. v. Hall, 879 S.W.2d 487 (Ky. Ct. App. 1994). “We further hold that the circuit court erred by holding that Ford Motor Credit was required to give Hall specific notice of the date, time and place of the sale of the automobile, even if it were a private sale.”
United States v. Cope, 680 F. Supp. 912 (W.D. Ky. 1987). “After the sale on February 25,1981, ITT immediately distributed all the pro *915 ceeds according to Ky.Rev.Stat. § 355.9-504 by applying $10,000.”
Bailey v. Navistar Fin. Corp., 709 S.W.2d 841 (Ky. Ct. App. 1986). “See also KRS 355.9-504. In its motion for summary judgment, appellee contends that it sold the tractor in a commercially reasonable manner because it complied with the provisions of KRS 355.”
Herring Mining Co. v. Roberts Bros. Coal Co., 747 S.W.2d 616 (Ky. Ct. App. 1988). “Herring argued that Roberts Brothers did not proceed in a commercially reasonable manner in disposing of the collateral as required by the provisions of KRS 355.9-504. As damages, he sought the fair market rental value of the equipment for the past four and one-half years, less…”
Nelson v. Monarch Inv. Plan of Henderson, Inc., 452 S.W.2d 375 (Ky. Ct. App. 1970). “The defendant counterclaimed for damages on the ground plaintiff ap-pellee had sold the purchased vehicle for less than its market value and had failed to give defendant notice of the sale as required by KRS 355.9-504. The trial judge gave plaintiff summary judgment after giving…”
Holt v. Peoples Bank of Mt. Washington, 814 S.W.2d 568 (Ky. 1991). “Despite these decisions, in the instant case, the trial court and the Court of Appeals fashioned an equitable remedy which allowed the debtors a credit against the amount of the deficiency for the damage which resulted from the commercially unreasonable disposition of the…”
Riley v. West Kentucky Prod. Credit Ass'n, 603 S.W.2d 916 (Ky. Ct. App. 1980). “) We have serious reservations as to whether KRS 355.9-504 is applicable because it seems to contemplate a disposition by a creditor, not a judicial sale.”
McCoy v. Am. Fid. Bank & Trust Co., 715 S.W.2d 228 (Ky. 1986). “Throughout this lawsuit all parties have treated this Lease Agreement as creating a security interest covered by Article 9 of the Uniform Commercial Code, “Secured Transactions,” and more particularly by KRS 355.9-504(3) which controls a secured party’s right to dispose of…”
Ranier v. Gilford, 688 S.W.2d 753 (Ky. Ct. App. 1985). “250 and KRS 355.9-504(l)(a), can be extended against Ranier, who was not a party to the agreement nor a defaulting debtor under KRS 453.”
Owens v. First Commonwealth Bank of Prestonsburg, 706 S.W.2d 414 (Ky. Ct. App. 1985). “KRS 355.9-504 provides that a creditor *416 may sell the collateral, either publicly or privately, and apply the proceeds of the sale in satisfaction of the debt which is owed to him.”
Ford Motor Credit Co. v. Webb-Elkhorn Coal Corp., 775 S.W.2d 945 (Ky. Ct. App. 1989). “The only question raised on this appeal is whether the Fayette Circuit Court erred in *946 holding that the provisions of KRS 355.9-504(3) applied to the repossession and sale of a 1984 Ford pickup truck leased to the appellee by the appellant’s assignor.”
Ky. Rev. Stat. § 355.9-504(1): 3 cases
Ford Motor Credit Co. v. Hall, 879 S.W.2d 487 (Ky. Ct. App. 1994). “We further hold that the circuit court erred by holding that Ford Motor Credit was required to give Hall specific notice of the date, time and place of the sale of the automobile, even if it were a private sale.”
Herring Mining Co. v. Roberts Bros. Coal Co., 747 S.W.2d 616 (Ky. Ct. App. 1988). “Herring argued that Roberts Brothers did not proceed in a commercially reasonable manner in disposing of the collateral as required by the provisions of KRS 355.9-504. As damages, he sought the fair market rental value of the equipment for the past four and one-half years, less…”
Lee & Mason Int'l Agency, Inc. v. Daugherty, 828 S.W.2d 677 (Ky. Ct. App. 1992).
Ky. Rev. Stat. § 355.9-504(3): 12 cases
Ford Motor Credit Co. v. Hall, 879 S.W.2d 487 (Ky. Ct. App. 1994). “We further hold that the circuit court erred by holding that Ford Motor Credit was required to give Hall specific notice of the date, time and place of the sale of the automobile, even if it were a private sale.”
McCoy v. Am. Fid. Bank & Trust Co., 715 S.W.2d 228 (Ky. 1986). “Throughout this lawsuit all parties have treated this Lease Agreement as creating a security interest covered by Article 9 of the Uniform Commercial Code, “Secured Transactions,” and more particularly by KRS 355.9-504(3) which controls a secured party’s right to dispose of…”
Bank Josephine v. Conn, 599 S.W.2d 773 (Ky. Ct. App. 1980). “KRS 355.9-504. The issues are whether the trial court erred: (1) in failing to direct a verdict for the appellant; and (2) in admitting into evidence certain expert testimony.”
Ford Motor Credit Co. v. Webb-Elkhorn Coal Corp., 775 S.W.2d 945 (Ky. Ct. App. 1989). “The only question raised on this appeal is whether the Fayette Circuit Court erred in *946 holding that the provisions of KRS 355.9-504(3) applied to the repossession and sale of a 1984 Ford pickup truck leased to the appellee by the appellant’s assignor.”
Nelson v. Monarch Inv. Plan of Henderson, Inc., 452 S.W.2d 375 (Ky. Ct. App. 1970). “The defendant counterclaimed for damages on the ground plaintiff ap-pellee had sold the purchased vehicle for less than its market value and had failed to give defendant notice of the sale as required by KRS 355.9-504. The trial judge gave plaintiff summary judgment after giving…”
Ky. Rev. Stat. § 355.9-504(5): 1 case
Lee & Mason Int'l Agency, Inc. v. Daugherty, 828 S.W.2d 677 (Ky. Ct. App. 1992).
Ky. Rev. Stat. § 355.9-504(l)(a): 3 cases
Riley v. West Kentucky Prod. Credit Ass'n, 603 S.W.2d 916 (Ky. Ct. App. 1980). “) We have serious reservations as to whether KRS 355.9-504 is applicable because it seems to contemplate a disposition by a creditor, not a judicial sale.”
Ranier v. Gilford, 688 S.W.2d 753 (Ky. Ct. App. 1985). “250 and KRS 355.9-504(l)(a), can be extended against Ranier, who was not a party to the agreement nor a defaulting debtor under KRS 453.”
United States v. Cope, 680 F. Supp. 912 (W.D. Ky. 1987). “After the sale on February 25,1981, ITT immediately distributed all the pro *915 ceeds according to Ky.Rev.Stat. § 355.9-504 by applying $10,000.”
Ky. Rev. Stat. § 355.9-504(l)(b): 1 case
United States v. Cope, 680 F. Supp. 912 (W.D. Ky. 1987). “After the sale on February 25,1981, ITT immediately distributed all the pro *915 ceeds according to Ky.Rev.Stat. § 355.9-504 by applying $10,000.”
Ky. Rev. Stat. § 355.9-504(l)(c): 1 case
United States v. Cope, 680 F. Supp. 912 (W.D. Ky. 1987). “After the sale on February 25,1981, ITT immediately distributed all the pro *915 ceeds according to Ky.Rev.Stat. § 355.9-504 by applying $10,000.”
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