§ 6A-9-335 - Accessions.
SECTION 6A-9-335
§ 6A-9-335 Accessions. – (a) Creation of security interest in accession. A security interest maybe created in an accession and continues in collateral that becomes anaccession.
(b) Perfection of security interest. If a securityinterest is perfected when the collateral becomes an accession, the securityinterest remains perfected in the collateral.
(c) Priority of security interest. Except as otherwiseprovided in subsection (d), the other provisions of this part determine thepriority of a security interest in an accession.
(d) Compliance with certificate-of-title statute. Asecurity interest in an accession is subordinate to a security interest in thewhole which is perfected by compliance with the requirements of acertificate-of-title statute under § 6A-9-311(b).
(e) Removal of accession after default. After default,subject to part 6, a secured party may remove an accession from other goods ifthe security interest in the accession has priority over the claims of everyperson having an interest in the whole.
(f) Reimbursement following removal. A secured partythat removes an accession from other goods under subsection (e) shall promptlyreimburse any holder of a security interest or other lien on, or owner of, thewhole or of the other goods, other than the debtor, for the cost of repair ofany physical injury to the whole or the other goods. The secured party need notreimburse the holder or owner for any diminution in value of the whole or theother goods caused by the absence of the accession removed or by any necessityfor replacing it. A person entitled to reimbursement may refuse permission toremove until the secured party gives adequate assurance for the performance ofthe obligation to reimburse.