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§6A-9-303  Law governing perfection and priority of security interests in goods covered by a certificate of title. –


Published: 2015

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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.)