TITLE 6A
Uniform Commercial Code
CHAPTER 6A-9
Secured Transactions
PART 6A-9-301
Perfection and Priority
SECTION 6A-9-303
§ 6A-9-303 Law governing perfection and
priority of security interests in goods covered by a certificate of title.
(a) Applicability of section. 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) When goods covered by certificate of title. 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) Applicable law. 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.
History of Section.
(P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.)