(F) A SECURITY INTEREST IN DEPOSIT ACCOUNTS, LETTER-OF-CREDIT
RIGHTS, OR INVESTMENT PROPERTY WHICH IS PERFECTED UNDER THE LAW OF THE
BANK'S JURISDICTION, THE ISSUER'S JURISDICTION, A NOMINATED PERSON'S
JURISDICTION, THE SECURITIES INTERMEDIARY'S JURISDICTION, OR THE
COMMODITY INTERMEDIARY'S JURISDICTION, AS APPLICABLE, REMAINS PERFECTED
UNTIL THE EARLIER OF:

(1) THE TIME THE SECURITY INTEREST WOULD HAVE BECOME
UNPERFECTED UNDER THE LAW OF THAT JURISDICTION; OR

(2) THE EXPIRATION OF FOUR MONTHS AFTER A CHANGE OF THE
APPLICABLE JURISDICTION TO ANOTHER JURISDICTION.

(G) IF A SECURITY INTEREST DESCRIBED IN SUBSECTION (F) BECOMES
PERFECTED UNDER THE LAW OF THE OTHER JURISDICTION BEFORE THE EARLIER
OF THE TIME OR THE END OF THE PERIOD DESCRIBED IN THAT SUBSECTION, IT
REMAINS PERFECTED THEREAFTER IF THE SECURITY INTEREST DOES NOT BECOME
PERFECTED UNDER THE LAW OF THE OTHER JURISDICTION BEFORE THE EARLIER
OF THAT TIME OR THE END OF THAT PERIOD, IT BECOMES UNPERFECTED AND IS
DEEMED NEVER TO HAVE BEEN PERFECTED AS AGAINST A PURCHASER OF THE
COLLATERAL FOR VALUE.

9-317. INTERESTS THAT TAKE PRIORITY OVER OR TAKE FREE OF UNPERFECTED
SECURITY INTEREST OR AGRICULTURAL LIEN.

(A) AN UNPERFECTED SECURITY INTEREST OR AGRICULTURAL LIEN IS
SUBORDINATE TO THE RIGHTS OF:

(1) A PERSON ENTITLED TO PRIORITY UNDER § 9-322; AND

(2) A PERSON THAT BECOMES A LIEN CREDITOR BEFORE THE EARLIER
OF THE TIME THE SECURITY INTEREST OR AGRICULTURAL LIEN IS PERFECTED OR A
FINANCING STATEMENT COVERING THE COLLATERAL IS FILED.

(B) EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (E), A BUYER, OTHER
THAN A SECURED PARTY, OF TANGIBLE CHATTEL PAPER, DOCUMENTS, GOODS,
INSTRUMENTS, OR A SECURITY CERTIFICATE TAKES FREE OF A SECURITY INTEREST
OR AGRICULTURAL LIEN IF THE BUYER GIVES VALUE AND RECEIVES DELIVERY OF
THE COLLATERAL WITHOUT KNOWLEDGE OF THE SECURITY INTEREST OR
AGRICULTURAL LIEN AND BEFORE IT IS PERFECTED.

(C) EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (E), A LESSEE OF
GOODS TAKES FREE OF A SECURITY INTEREST OR AGRICULTURAL LIEN IF THE
LESSEE GIVES VALUE AND RECEIVES DELIVERY OF THE COLLATERAL WITHOUT
KNOWLEDGE OF THE SECURITY INTEREST OR AGRICULTURAL LIEN AND BEFORE IT
IS PERFECTED.

(D) A LICENSEE OF A GENERAL INTANGIBLE OR A BUYER, OTHER THAN A
SECURED PARTY, OF ACCOUNTS, ELECTRONIC CHATTEL PAPER, GENERAL
INTANGIBLES, OR INVESTMENT PROPERTY OTHER THAN A CERTIFICATED SECURITY
TAKES FREE OF A SECURITY INTEREST IF THE LICENSEE OR BUYER GIVES VALUE
WITHOUT KNOWLEDGE OF THE SECURITY INTEREST AND BEFORE IT IS PERFECTED.