1. Except as provided in subsection 4, if chattel paper is evidenced only by an authoritative electronic copy of the chattel paper or is evidenced by an authoritative electronic copy and an authoritative tangible copy, the law of the chattel papers jurisdiction governs perfection, the effect of perfection or nonperfection and the priority of a security interest in the chattel paper, even if a transaction does not bear any relation to the chattel papers jurisdiction. 2. The following rules determine the chattel papers jurisdiction under this section: (a) If the authoritative electronic copy of the record evidencing chattel paper, or a record attached to or logically associated with the electronic copy and readily available for review, expressly provides that a particular jurisdiction is the chattel papers jurisdiction for purposes of this part, this Article or the Uniform Commercial Code, that jurisdiction is the chattel papers jurisdiction. (b) If paragraph (a) does not apply and the rules of the system in which the authoritative electronic copy is recorded are readily available for review and expressly provide that a particular jurisdiction is the chattel papers jurisdiction for purposes of this part, this Article or the Uniform Commercial Code, that jurisdiction is the chattel papers jurisdiction. (c) If paragraphs (a) and (b) do not apply and the authoritative electronic copy, or a record attached to or logically associated with the electronic copy and readily available for review, expressly provides that the chattel paper is governed by the law of a particular jurisdiction, that jurisdiction is the chattel papers jurisdiction. (d) If paragraphs (a), (b) and (c) do not apply and the rules of the system in which the authoritative electronic copy is recorded are readily available for review and expressly provide that the chattel paper or the system is governed by the law of a particular jurisdiction, that jurisdiction is the chattel papers jurisdiction. (e) If paragraphs (a) to (d), inclusive, do not apply, the chattel papers jurisdiction is the jurisdiction in which the debtor is located. 3. If an authoritative tangible copy of a record evidences chattel paper and the chattel paper is not evidenced by an authoritative electronic copy, while the authoritative tangible copy of the record evidencing chattel paper is located in a jurisdiction, the law of that jurisdiction governs: (a) Perfection of a security interest in the chattel paper by possession under NRS 104.931401 ; and (b) The effect of perfection or nonperfection and the priority of a security interest in the chattel paper. 4. The law of the jurisdiction in which the debtor is located governs perfection of a security interest in chattel paper by filing.
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