☰ Revisor of Missouri

Title XXVI TRADE AND COMMERCE

Chapter 400

Effective - 28 Aug 2002, 2 histories, see footnote (history) bottom

  *400.9-303.  Law governing perfection and priority of security interests in goods covered by certificate of title. — (a) 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) 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) 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.

  (d) When a notice of lien is filed in accordance with chapter 301 or 306, RSMo, then the lien is perfected and this chapter shall not govern perfection or nonperfection or the priority of the lien even though a valid application for a certificate of title and the applicable fee was not delivered to the appropriate authority or the certificate of title was not issued by such authority.

  (e) Article 9 of this chapter shall not apply to liens on manufactured homes perfected in accordance with sections 700.350 to 700.390, RSMo, and the perfection or nonperfection, the priority and termination of the lien shall be governed by those sections, except liens or encumbrances on manufactured homes perfected pursuant to article 9 of this chapter, after June 30, 2001, and before August 28, 2002, and the perfection or nonperfection, the priority, termination, rights, duties, and interests flowing from them are and shall remain valid and may be terminated, completed, consummated, or enforced as required or permitted by article 9 of this chapter, provided such liens on such manufactured homes are not perfected in accordance with sections 700.350 to 700.390, RSMo, however when conflicting lienholders file liens on the same manufactured home, the lien filed under sections 700.350 to 700.390, RSMo, shall have priority over the lien filed under article 9 of this chapter, for the time period after June 30, 2001, and before August 28, 2002.

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(L. 1963 p. 503 § 9-303, A.L. 1997 S.B. 6, A.L. 2001 S.B. 288, A.L. 2002 S.B. 895)

*This section was amended by S.B. 630, 2010, effective 3-01-11.


---- end of effective   28 Aug 2002 ----

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400.9-303 3/1/2011
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