1. (a) Except as provided in subsection (b), the local law of the controllable electronic record's jurisdiction specified in § 57A-12-107 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.
2. (b) The local law of the jurisdiction in which the debtor is located governs:
3. (1) Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and
4. (2) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.

Source: SL 2024, ch 198 , § 59.