Sec. 42a-9-303. Law governing perfection and priority of security interests in goods covered by a certificate of title.
Sec. 42a-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.
(1959, P.A. 133, S. 9-303; P.A. 01-132, S. 23.)
History: P.A. 01-132 replaced former provisions re when a security interest is perfected and when a security interest
is deemed to be perfected continuously with provisions re the law governing perfection, the effect of perfection or nonperfection and the priority of a security interest in goods covered by a certificate of title.