§ 9-311. Perfection of security in interests in property subject to certain statutes, regulations, and treaties.
A. Security Interest Subject to Other Law. Except as otherwise provided in subsection (D) of this section, the filing of a financing statement is not necessary or effective to perfect a security interest in property subject to:
1. Any law of the United States whose requirements for a security interest obtaining priority over the rights of a lien creditor with respect to the property preempt the provisions of this Osage Nation Secured Transactions Act requiring that security interests be perfected by filing;
2. Any certificate-of-title law of the Osage Nation covering automobiles, trailers, mobile homes, boats, farm tractors, or the like, which provides for a security interest to be indicated on the certificate as a condition or result of perfection, and any Osage Nation central filing statute other than the one provided by this Osage Nation Secured Transactions Act; or
3. A certificate-of-title statute of another jurisdiction which provides for a security interest to be indicated on the certificate as a condition or result of the security interest obtaining priority over the rights of a lien creditor with respect to the property.
B. Compliance with Other Law. Compliance with the requirements of a statute, regulation, or treaty described in subsection (A) of this section for obtaining priority over the rights of a lien creditor is equivalent to the filing of a financing statement under this Osage Nation Secured Transactions Act. Except as otherwise provided in subsection (D) of this section and the provisions of this Osage Nation Secured Transactions Act providing for perfection by possession when goods covered by a certificate of title issued by one jurisdiction become covered by a certificate of title issued by another jurisdiction, a security interest in property subject to a statute, regulation, or treaty described in subsection (A) of this section may be perfected only by compliance with those requirements, and a security interest so perfected remains perfected notwithstanding a change in the use or transfer of possession of the collateral.
C. Duration and Renewal of Perfection. Except as otherwise provided in subsection (D) of this section and the provisions of this Osage Nation Secured Transactions Act providing for continued perfection when goods covered by a certificate of title issued by one jurisdiction become covered by a certificate of title issued by another jurisdiction, duration and renewal of perfection of a security interest perfected by compliance with the requirements prescribed by a statute, regulation, or treaty described in subsection (A) of this section are governed by the statute, regulation, or treaty. In other respects, the security interest is subject to this Osage Nation Secured Transactions Act.
D. Inapplicability to Certain Inventory. During any period in which collateral subject to a statute specified in subsection (A)(2) of this section is inventory held for sale or lease by a person or leased by that person as lessor and that person is in the business of selling goods of that kind, this section does not apply to a security interest in that collateral created by that person. ONCA 07-22, eff. June 18, 2007.