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State Statutes - Idaho - Title 28 - Chapter 9 - 28-9-335
Idaho Statutes
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28-9-335 - ACCESSIONS
(a) A security interest may be created in an
accession and continues in collateral that becomes an accession.
(b) If a security interest is perfected when the collateral becomes an
accession, the security interest remains perfected in the collateral.
(c) Except as otherwise provided in subsections (d) and (g) of this
section, the other provisions of this part determine the priority of a
security interest in an accession.
(d) Except as otherwise provided in subsection (g) of this section, 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 28-9-311(b).
(e) 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) 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.
(g) A security interest in an accession has priority over a security
interest in the whole which is perfected by compliance with the requirements
of a certificate-of-title statute under subsection (b) of section 28-9-311,
Idaho Code, if the security interest in the accession is a purchase money
security interest that is perfected when the debtor receives possession of the
accession or within twenty (20) days thereafter.
 
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