2007 Minnesota Statutes

336.9-303 MS 1998 [Repealed, 2000 c 399 art 1 s 140]
336.9-303 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: 2000 c 399 art 1 s 23