Vermont § 306A - § 9—306A.

§ 306A. § 9—306A.

• Law governing perfection and priority of security interests in chattel paper (a) Except as provided in subsection (d) of this section, 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 governs perfection, the effect of perfection or nonperfection,
  and the priority of a security interest in the chattel paper, even if the transaction
  does not bear any relation to the chattel paper’s jurisdiction. (b) The following rules determine the chattel paper’s jurisdiction under this section: (1) If the authoritative electronic copy of the record evidencing chattel paper, or a
  record attached to or logically associated with the electronic copy and readily available
  for review, expressly provides that a particular jurisdiction is the chattel paper’s
  jurisdiction for purposes of this section, this article, or the Uniform Commercial
  Code, that jurisdiction is the chattel paper’s jurisdiction. (2) If subdivision (1) of this subsection does not apply and the rules of the system in
  which the authoritative electronic copy is recorded are readily available for review
  and expressly provide that a particular jurisdiction is the chattel paper’s jurisdiction
  for purposes of this part, this article, or the Uniform Commercial Code, that jurisdiction
  is the chattel paper’s jurisdiction. (3) If subdivisions (1) and (2) of this subsection do not apply and the authoritative
  electronic copy, or a record attached to or logically associated with the electronic
  copy and readily available for review, expressly provides that the chattel paper is
  governed by the law of a particular jurisdiction, that jurisdiction is the chattel
  paper’s jurisdiction. (4) If subdivisions (1), (2), and (3) of this subsection do not apply and the rules of
  the system in which the authoritative electronic copy is recorded are readily available
  for review and expressly provide that the chattel paper or the system is governed
  by the law of a particular jurisdiction, that jurisdiction is the chattel paper’s
  jurisdiction. (5) If subdivisions (1) through (4) of this subsection do not apply, the chattel paper’s
  jurisdiction is the jurisdiction in which the debtor is located. (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 governs: (1) perfection of a security interest in the chattel paper by possession under section 9—314A of this title; and (2) the effect of perfection or nonperfection and the priority of a security interest
  in the chattel paper. (d) The local law of the jurisdiction in which the debtor is located governs perfection
  of a security interest in chattel paper by filing. (Added 2025, No. 17, § 9, eff. July 1, 2025.)