§ 336.2A-105 — Territorial Application of Article to Goods Covered by Certificate of Title
Plain-Language Summary
For leases, the applicable law is determined by the location of the goods. The parties can choose a different state's law if in good faith.
336.2A-105 TERRITORIAL APPLICATION OF ARTICLE TO GOODS COVERED BY CERTIFICATE OF TITLE.
Subject to the provisions of sections 336.2A-304(3) and 336.2A-305(3), with respect to goods covered by a certificate of title issued under a statute of this state or of another jurisdiction, compliance and the effect of compliance or noncompliance with a certificate of title statute are governed by the law (including the conflict of laws rules) of the jurisdiction issuing the certificate until the earlier of (a) surrender of the certificate or (b) four months after the goods are removed from that jurisdiction and after that until a new certificate of title is issued by another jurisdiction.
History:
1989 c 232 art 1 s 2A-105
History: History: 1989 c 232 art 1 s 2A-105