Basic Uniform Commercial Code
Certificate of Title
- If someone purchases the collateral for value, the perfection will expire and be deemed to have never had existed as against the purchaser four months after the goods were purchased. UCC § 9-316(e).
- If someone moves to a certificate of title state from a state that filed for that type of good, he would need to file within four months to remain perfected. UCC § 9-316.