Subject to the provisions of IC 26-1-2.1-304 (3) and IC 26-1-2.1-305 (3), with respect to goods covered by a certificate of title issued under a statute of this state or of another jurisdiction, compliance and the effect of compliance or noncompliance with a certificate of title statute are governed by the law (including the conflict of laws rules) of the jurisdiction issuing the certificate until the earlier of:

1. (a) surrender of the certificate; or
2. (b) four (4) months after the goods are removed from that jurisdiction and thereafter until a new certificate of title is issued by another jurisdiction.

As added by P.L.189-1991, SEC.3.