Section 9 Definition of Certificate of Title and Its Significance

• Library: Secured Transactions 2005

The Article 9 definition of “certificate of title” is more limited than the natural meaning of the phrase. Under § 400.9-102(a)(10), RSMo Supp. 2004, a “certificate of title” is only such a document “with respect to which a statute provides for the security interest in question to be indicated on the certificate as a condition or result of the security interest’s obtaining priority over the rights of a lien creditor with respect to the collateral.” Id. If a state provides for registering security interests...