(a) The owner of farm equipment or special mobile equipment may apply for and obtain a certificate of title for the farm equipment or special mobile equipment.
(b) All of the provisions of this title are applicable to a certificate of title issued under this section, except that:
(1) A person who receives a transfer of an interest in the vehicle without knowledge of the certificate of title is not prejudiced by reason of the existence of the certificate; and
(2) The perfection of a security interest under Subtitle 2 of this title is not effective until the secured party has complied with the applicable law that otherwise relates to the perfection of security interests in personal property.
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