(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.

9-304. LAW GOVERNING PERFECTION AND PRIORITY OF SECURITY INTERESTS IN
DEPOSIT ACCOUNTS.

(A) THE LOCAL LAW OF A BANK'S JURISDICTION GOVERNS PERFECTION, THE
EFFECT OF PERFECTION OR NONPERFECTION, AND THE PRIORITY OF A SECURITY
INTEREST IN A DEPOSIT ACCOUNT MAINTAINED WITH THAT BANK.

(B) THE FOLLOWING RULES DETERMINE A BANK'S JURISDICTION FOR
PURPOSES OF THIS SUBTITLE:

(1) IF AN AGREEMENT BETWEEN THE BANK AND THE DEBTOR
GOVERNING THE DEPOSIT ACCOUNT EXPRESSLY PROVIDES THAT A PARTICULAR
JURISDICTION IS THE BANK'S JURISDICTION FOR PURPOSES OF THIS SUBTITLE, THIS
TITLE, OR TITLES 1 THROUGH 10 OF THIS ARTICLE, THAT JURISDICTION IS THE
BANK'S JURISDICTION.

(2) IF PARAGRAPH (1) DOES NOT APPLY AND AN AGREEMENT BETWEEN
THE BANK AND ITS CUSTOMER GOVERNING THE DEPOSIT ACCOUNT EXPRESSLY
PROVIDES THAT THE AGREEMENT IS GOVERNED BY THE LAW OF A PARTICULAR
JURISDICTION, THAT JURISDICTION IS THE BANKS JURISDICTION.

(3) IF NEITHER PARAGRAPH (1) NOR PARAGRAPH (2) APPLIES AND AN
AGREEMENT BETWEEN THE BANK AND ITS CUSTOMER GOVERNING THE DEPOSIT
ACCOUNT EXPRESSLY PROVIDES THAT THE DEPOSIT ACCOUNT IS MAINTAINED AT
AN OFFICE IN A PARTICULAR JURISDICTION, THAT JURISDICTION IS THE BANK'S
JURISDICTION.

(4) IF NONE OF THE PRECEDING PARAGRAPHS APPLIES, THE BANK'S
JURISDICTION IS THE JURISDICTION IN WHICH THE OFFICE IDENTIFIED IN AN
ACCOUNT STATEMENT AS THE OFFICE SERVING THE CUSTOMER'S ACCOUNT IS
LOCATED.

(5) IF NONE OF THE PRECEDING PARAGRAPHS APPLIES, THE
BANK'S JURISDICTION IS THE JURISDICTION IN WHICH THE CHIEF EXECUTIVE
OFFICE OF THE BANK IS LOCATED.