RCW 62A.9A-335
Accessions. (Effective until July 1, 2013.)
(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 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 RCW62A.9A-311
(b).
(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 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.
[2000 c 250 § 9A-335.]
RCW 62A.9A-335
Accessions. (Effective July 1, 2013.)
(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 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 RCW62A.9A-311
(b).
(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 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.
[2011 c 74 § 713; 2000 c 250 § 9A-335.]
NOTES:
Application -- Correction of references -- Effective date -- 2011 c 74: See notes following RCW 62A.9A-102.