Subject to the provisions of ORS 72A.3040 (Subsequent lease of goods by lessor) and 72A.3050 (Sale or sublease of goods by lessee), with respect to goods covered by a certificate of title issued under a statute of this state or of another jurisdiction, compliance and the effect of compliance or noncompliance with a certificate of title statute are governed by the law, including the conflict of laws rules, of the jurisdiction issuing the certificate until the earlier of:
(1)
Surrender of the certificate; or
(2)
Four months after the goods are removed from that jurisdiction and thereafter until a new certificate of title is issued by another jurisdiction. [1989 c.676 §5]