6. External Constraints on This Section. The need to coordinate Article 9 [Maine cite Article 9-A] with a variety of nonuniform certificate-of-title statutes, the need to provide rules to take account of situations in which multiple certificates of title are outstanding with respect to particular goods, and the need to govern the transition from perfection by filing in one jurisdiction to perfection by notation in another all create pressure for a detailed and complex set of rules. In an effort to minimize complexity, this Article does not attempt to coordinate Article 9 [Maine cite Article 9-A] with the entire array of certificate-of-title statutes. In particular, Sections 9-303 [Maine cite section 9-1303], 9-311 [Maine cite section 9- 1311], and 9-316(d) and (e) [Maine cite section 9-1316, subsections (4) and (5)] assume that the certificate-of-title statutes to which they apply do not have relation-back provisions (i.e., provisions under which perfection is deemed to occur at a time earlier than when the perfection steps actually are taken). A Legislative Note to Section 9-311 [Maine cite section 9-1311] recommends the elimination of relation-back provisions in certificate-of-title statutes affecting perfection of security interests.

Ideally, at any given time, only one certificate of title is outstanding with respect to particular goods. In fact, however, sometimes more than one jurisdiction issues more than one certificate of title with respect to the same goods. This situation results from defects in certificate-of-title laws and the interstate coordination of those laws, not from deficiencies in this Article. As long as the possibility of multiple certificates of title remains, the potential for innocent parties to suffer losses will continue. At best, this Article can identify clearly which innocent parties will bear the losses in familiar fact patterns.

§9-1304.__Law governing perfection and priority of security

interests in deposit accounts

(1)__The local law of a bank's jurisdiction governs perfection, the effect of perfection or nonperfection and the