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<section article="gcl" article_name="Commercial Law" number="9-301" title_number="9" title_name="Secured Transactions" subtitle_number="3" subtitle_name="Perfection and Priority">
  <text>Except as otherwise provided in §§ 9-303 through 9-306, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral:</text>
  <level label="1">
    <text>Except 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.</text>
  </level>
  <level label="2">
    <text>While 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.</text>
  </level>
  <level label="3">
    <text>Except as otherwise provided in paragraph (4), while tangible negotiable documents, goods, instruments, money, or tangible chattel paper is located in a jurisdiction, the local law of that jurisdiction governs:</text>
    <level label="A">
      <text>Perfection of a security interest in the goods by filing a fixture filing;</text>
    </level>
    <level label="B">
      <text>Perfection of a security interest in timber to be cut; and</text>
    </level>
    <level label="C">
      <text>The effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral.</text>
    </level>
  </level>
  <level label="4">
    <text>The 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.</text>
  </level>
</section>
