2009 Kentucky Revised Statutes Article 9 Secured Transactions -- Sales of Accounts, Contract Rights, and Chattel Paper 355.9.303 Law governing perfection and priority of security interests in goods covered by a certificate of title.
355.9-303 Law governing perfection and priority of security interests in goods
covered by a certificate of title.
(1) 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 <br>are covered and the goods or the debtor.
(2) 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. <br>Goods cease to be covered by a certificate of title at the earlier of the time the <br>certificate of title ceases to be effective under the law of the issuing jurisdiction or <br>the time the goods become covered subsequently by a certificate of title issued by <br>another jurisdiction.
(3) 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 <br>priority of a security interest in goods covered by a certificate of title from the time <br>the goods become covered by the certificate of title until the goods cease to be <br>covered by the certificate of title.
Effective: July 1, 2001 <br>History: Repealed and reenacted 2000 Ky. Acts ch. 408, sec. 43, effective July 1, 2001.
-- Amended 1996 Ky. Acts ch. 130, sec. 173, effective January 1, 1997. -- Created <br>1958 Ky. Acts ch. 77, sec. 9-303, effective July 1, 1960.
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