N.Y. Uniform Commercial Code Law § 9-303: Law Governing Perfection and Priority of Security Interests in Goods Covered by a Certificate of Title

Section 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.