TITLE 6A

Uniform Commercial Code

CHAPTER 6A-9

Secured Transactions

PART 6A-9-301

Perfection and Priority

SECTION 6A-9-335



   § 6A-9-335  Accessions. –

(a) Creation of security interest in accession. A security interest may

be created in an accession and continues in collateral that becomes an

accession.



   (b) Perfection of security interest. If a security

interest is perfected when the collateral becomes an accession, the security

interest remains perfected in the collateral.



   (c) Priority of security interest. Except as otherwise

provided in subsection (d), the other provisions of this part determine the

priority of a security interest in an accession.



   (d) Compliance with certificate-of-title statute. A

security interest in an accession is subordinate to a security interest in the

whole which is perfected by compliance with the requirements of a

certificate-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 if

the security interest in the accession has priority over the claims of every

person having an interest in the whole.



   (f) Reimbursement following removal. A secured party

that removes an accession from other goods under subsection (e) shall promptly

reimburse any holder of a security interest or other lien on, or owner of, the

whole or of the other goods, other than the debtor, for the cost of repair of

any physical injury to the whole or the other goods. The secured party need not

reimburse the holder or owner for any diminution in value of the whole or the

other goods caused by the absence of the accession removed or by any necessity

for replacing it. A person entitled to reimbursement may refuse permission to

remove until the secured party gives adequate assurance for the performance of

the obligation to reimburse.



History of Section.

(P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.)