State Codes and Statutes
Statutes > Missouri > T26 > C400 > 400_9-335Accessions.
400.9-335. (a) A security interest may be created in an accessionand continues in collateral that becomes an accession.
(b) If a security interest is perfected when the collateral becomesan accession, the security interest remains perfected in the collateral.
(c) Except as otherwise provided in subsection (d), the otherprovisions of this part determine the priority of a security interest in anaccession.
(d) A security interest in an accession is subordinate to a securityinterest in the whole which is perfected by compliance with therequirements of a certificate-of-title statute under section 400.9-311(b).
(e) After default, a secured party may remove an accession from othergoods if the security interest in the accession has priority over theclaims of every person having an interest in the whole.
(f) A secured party that removes an accession from other goods undersubsection (e) shall promptly reimburse any holder of a security interestor other lien on, or owner of, the whole or of the other goods, other thanthe debtor, for the cost of repair of any physical injury to the whole orthe other goods. The secured party need not reimburse the holder or ownerfor any diminution in value of the whole or the other goods caused by theabsence of the accession removed or by any necessity for replacing it. Aperson entitled to reimbursement may refuse permission to remove until thesecured party gives adequate assurance for the performance of theobligation to reimburse.
(L. 2001 S.B. 288)Effective 7-01-01
