2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.9-335 ACCESSIONS.

336.9-335 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 section 336.9-311(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: 2000 c 399 art 1 s 55