Title 11, Chapter 9, Section 335
( 11-9-335)
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) of this Code section, 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 subsection (b) of Code Section 11-9-311. (e) Removal of accession after default. After default, subject to
Part 6 of this article, 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) of this Code
section 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. |