355.1-205 Reasonable time -- Seasonableness. (1) Whether a time for taking an action required by the Uniform Commercial Code is reasonable depends on the nature, purpose, and circumstances of the action. (2) An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time. Effective: July 12, 2006 History: Repealed and reenacted 2006 Ky. Acts ch. 242, sec. 13, effective July 12, 2006. -- Created 1958 Ky. Acts ch. 77, sec. 1-205, effective July 1, 1960.
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