Law governing perfection and priority of security interests in chattel paper

HRS §490:9-306.5, under Chapter 490.

HRS §490:9-306.5

[§490:9-306.5] Law governing perfection and priority of security interests in chattel paper. (a) Except as provided in subsection (d), 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 local law of the chattel paper's jurisdiction shall govern perfection, the effect of perfection or nonperfection, and the priority of a security interest in the chattel paper, regardless of whether the transaction bears any relation to the chattel paper's jurisdiction.

(b) The following rules shall determine the chattel paper's jurisdiction under this section:

(c) 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 local law of that jurisdiction shall govern:

(d) The local law of the jurisdiction in which the debtor is located shall govern perfection of a security interest in chattel paper by filing. [L 2023, c 132, pt of §1]