Section 9--303. Law   Governing  Perfection  and  Priority  of  Security
                    Interests in Goods Covered by a Certificate of Title.
    (a) Applicability of section. 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) When goods covered by certificate of title. 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) Applicable  law.  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.