SECTION 679.3011. Law governing perfection and priority of security interests.
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- 1Except as otherwise provided in ss. 7679.1091, 8679.3031, 9679.3041, 10679.3051, 11and 12679.3061, 13the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral:
36(1) 37Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.
75(2) 76While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral.
108(3) 109Except as otherwise provided in subsections (4) and (5), while tangible negotiable documents, goods, instruments, money, or tangible chattel paper is located in a jurisdiction, the local law of that jurisdiction governs:141(a) 142Perfection of a security interest in the goods by filing a fixture filing;
155(b) 156Perfection of a security interest in timber to be cut; and
167(c) 168The effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral.
185(4) 186The local law of the jurisdiction in which the wellhead or minehead is located governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in as-extracted collateral.
218(5) 219The law of this state governs:225(a) 226The perfection of a security interest in goods that are or are to become fixtures in this state by the filing of a fixture filing.
251(b) 252The effect of perfection or nonperfection and the priority of a security interest in goods that are or are to become fixtures in this state.
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