LD 2245
pg. 264
Page 263 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 265 of 493
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LR 1087
Item 1

 
§9-1335.__Accessions

 
(1)__A security interest may be created in an accession and
continues in collateral that becomes an accession.

 
(2)__If a security interest is perfected when the collateral
becomes an accession, the security interest remains perfected in
the collateral.

 
(3)__Except as otherwise provided in subsection (4), the other
provisions of this Part determine the priority of a security
interest in an accession.

 
(4)__A security interest in an accession is subordinate to a
security interest in the whole that is perfected by compliance
with the requirements of a certificate-of-title statute under
section 9-1311, subsection (2).

 
(5)__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.

 
(6)__A secured party that removes an accession from other
goods under subsection (5) 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.

 
Official Comment

 
1. Source. Former Section 9-314.

 
2. "Accession." This section applies to an "accession," as
defined in Section 9-102 [Maine cite 9-1102], regardless of the
cost or difficulty of removing the accession from the other
goods, and regardless of whether the original goods have come to
form an integral part of the other goods. This section does not
apply to goods whose identity has been lost. Goods of that kind
are "commingled goods" governed by Section 9-336 [Maine cite
section 9-1336]. Neither this section nor the following one


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