§490:9-303  Law governing perfection and

priority of security interests in goods covered by a certificate of title.  (a) 

This section applies to goods covered by a certificate of title, even if there

is no other relationship between the jurisdiction under whose certificate of

title the goods are covered and the goods or the debtor.

     (b)  Goods become covered by a certificate of

title when a valid application for the certificate of title and the applicable

fee are delivered to the appropriate authority.  Goods cease to be covered by a

certificate of title at the earlier of the time the certificate of title ceases

to be effective under the law of the issuing jurisdiction or the time the goods

become covered subsequently by a certificate of title issued by another

jurisdiction.

     (c)  The local law of the jurisdiction under

whose certificate of title the goods are covered governs perfection, the effect

of perfection or nonperfection, and the priority of a security interest in

goods covered by a certificate of title from the time the goods become covered

by the certificate of title until the goods cease to be covered by the

certificate of title. [L 2000, c 241, pt of §1]