98RS HB739


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HB 739 (BR 2466) - J. Bruce, J. Gooch

     AN ACT relating to liens.
     Create new section of KRS Chapter 14 to establish as a division in the Office of the Secretary of State the Kentucky Lien Information System; direct the system to be operational beginning on January 4, 1999; create a new section of Article 9 of KRS Chapter 355 to require a secured party to file in the Office of Secretary of State a financing statement, or any amendment, assignment, continuation, release, or termination related thereto; permit the Secretary of State to receive a fee of $1 for the filing; provide filing exception for certain collateral, accounts, and fixture filings; amend KRS 355.9-105 to define "identification number" and "system"; amend KRS 355.9-402, 355.9-403, 355.9-404, 355.9-405, and 355.9-406 to require financing statements, amendments, assignments, releases, continuations, and terminations to contain the identification number of the debtor; amend KRS 355.2A-103 to conform.


     HFA (1, S. Cave) - Provide that the filing is for purposes of notice only.
     HFA (2, S. Cave) - Require filing by secured party in Office of Secretary of State beginning on January 4, 1999.
     SFA (1, R. Stivers) - Provide that filings with the Secretary of State are for information purposes only.

     Feb 26-introduced in House
     Feb 27-to Banking and Insurance (H)
     Mar 2-posted in committee
     Mar 5-reported favorably, 1st reading, to Calendar
     Mar 6-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for March 9, 1998
     Mar 10-floor amendments (1) and (2) filed; 3rd reading, passed 93-0
     Mar 11-received in Senate
     Mar 12-to Banking and Insurance (S)
     Mar 18-reported favorably, 1st reading, to Consent Calendar
     Mar 19-2nd reading, to Rules
     Mar 20-posted for passage in the Consent Orders of the Day for March 24, 1998
     Mar 23-floor amendment (1) filed
     Mar 24-taken from the Consent Orders of the Day, placed in the Regular Orders of the Day
     Mar 25-3rd reading, passed 35-0 with floor amendment (1)
     Mar 26-received in House; posted for passage for concurrence in Senate amendment
     Mar 31-House concurred in Senate floor amendment (1); passed 92-0
     Apr 1-enrolled, signed by each presiding officer, delivered to Governor
     Apr 13-signed by Governor

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