New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) Except as otherwise provided in this Act, the validity, perfection, and the effect of perfection or non-perfection of a security interest in goods or a possessory security interest in chattel paper, an investment security, money, a negotiable document of title, or a negotiable instrument, is governed by the law of New Zealand if,—
(a) at the time the security interest attaches to the collateral, the collateral is situated in New Zealand; or
(b) at the time the security interest attaches to the collateral, the collateral is situated outside New Zealand but the secured party has knowledge that it is intended to move the collateral to New Zealand; or
(c) the security agreement provides that New Zealand law is the law governing the transaction; or
(d) in any other case, New Zealand law applies.
(2) For the purposes of subsection (1), an investment security that is not in the form of a security certificate is situated where the records of the clearing house or securities depository are kept.
Compare: Personal Property Security Act 1993 s 5(1), (2) (Saskatchewan)