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Can you summarize MNST 336.9-303?
UNIFORM COMMERCIAL CODE > LAW GOVERNING PERFECTION AND PRIORITY OF SECURITY INTERESTS IN GOODS COVERED BY A CERTIFICATE OF TITLE.
Short Summary
This section of the Minnesota Statutes, under the Trade Regulations and Consumer Protection section of the Uniform Commercial Code, governs the perfection and priority of security interests in goods covered by a certificate of title. It applies to goods that are covered by a certificate of title, regardless of any other relationship between the jurisdiction issuing the certificate and the goods or debtor. The section defines when goods become covered by a certificate of title and when they cease to be covered. It states that 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 the goods. No specific exemptions or penalties are mentioned in this section.
Whom does it apply to?
Goods covered by a certificate of title
What does it govern?
Perfection and priority of security interests in goods covered by a certificate of title
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Minnesota