controllable accounts, controllable electronic records, and controllable payment intangibles. 1. Except as provided in subsection 2, the local law of the controllable electronic record's jurisdiction specified in subsections 3 and 4 of section 41 -12-07 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. The local law of the jurisdiction in which the debtor is located governs: a. Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and b. Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.
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