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§ 4-9-306-7 — Colorado Law | CourtGPT
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  2. Laws/
  3. Colorado/
  4. Title 4 - Uniform Commercial Code/
  5. Article 9 - Secured Transactions/
  6. Part 3 - Perfection and Priority/
  7. § 4-9-306-7
Colorado Legal Code

§ 4-9-306-7

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(a) Except as provided in subsection (b) of this section, the local law of the controllable electronic record's jurisdiction specified in section 4-12-107 (c) and (d) 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.Added by 2023 Ch. 136,§ 55, eff. 8/7/2023.2023 Ch. 136, was passed without a safety clause. See Colo. Const. art. V, § 1(3).