- (a) Except as provided in subsection (b) of this section, the local law of the controllable electronic record's jurisdiction specified in § 28:12-107(c) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.
(b) The local law of the jurisdiction in which the debtor is located governs:
- (1) Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and
- (2) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.
History
Apr. 20, 2024, D.C. Law 25-158, § 2(j)(15)