§490:9-337  Priority of security interests
in goods covered by certificate of title.  If, while a security interest in
goods is perfected by any method under the law of another jurisdiction, this
State issues a certificate of title that does not show that the goods are
subject to the security interest or contain a statement that they may be
subject to security interests not shown on the certificate:



(1)  A buyer of the goods, other than a person in the
business of selling goods of that kind, takes free of the security interest if
the buyer gives value and receives delivery of the goods after issuance of the
certificate and without knowledge of the security interest; and



(2)  The security interest is subordinate to a
conflicting security interest in the goods that attaches, and is perfected
under section 490:9-311(b), after issuance of the certificate and without the
conflicting secured party's knowledge of the security interest. [L 2000, c 241,
pt of §1]