Section 9--301. Law   Governing  Perfection  and  Priority  of  Security
                    Interests.
    Except as otherwise provided in Sections 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:
    (a) 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.
    (b) 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.
    (c) Except  as  otherwise  provided in paragraph (d), while negotiable
  documents, goods, instruments,  money,  or  tangible  chattel  paper  is
  located in a jurisdiction, the local law of that jurisdiction governs:
         (1) perfection  of  a  security interest in the goods by filing a
             fixture filing;
         (2) perfection of a security interest in timber to be cut; and
         (3) the effect of perfection or nonperfection and the priority of
             a nonpossessory security interest in the collateral.
    (d) 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.
    (e) When  collateral  is a cooperative interest, the law of this state
  governs perfection, the effect of perfection or nonperfection,  and  the
  priority of the security interest in such collateral.