Section 9--337. Priority of Security Interests in Goods Covered by

Certificate of Title.

If, while a security interest in goods is perfected by any method
under the law of another jurisdiction, this state issues a certificate
of title that does not show that the goods are subject to the security
interest or contain a statement that they may be subject to security
interests not shown on the certificate:

(a) a buyer of the goods, other than a person in the business of
selling goods of that kind, takes free of the security interest if the
buyer gives value and receives delivery of the goods after issuance of
the certificate and without knowledge of the security interest; and

(b) the security interest is subordinate to a conflicting security
interest in the goods that attaches, and is perfected under Section
9--311 (b), after issuance of the certificate and without the
conflicting secured party's knowledge of the security interest.