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of
the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 93 - Perfection and Priority
Section 9335 - Accessions
§ 9335. Accessions.
(a) Creation of security interest in accession.--A security
interest may be created in an accession and continues in
collateral which 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 chapter
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
9311(b) (relating to perfection of security interests in
property subject to certain statutes, regulations and treaties).
(e) Removal of accession after default.--After default,
subject to Chapter 96 (relating to default), 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.
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