PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 103 Priority of purchase money security interest in processed or commingled goods

PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 103

    Despite section   102, a perfected purchase money security interest in goods that continues in the product or mass has priority over:

  (a)   a non - purchase money security interest in the goods that continues in the product or mass; and

  (b)   a non - purchase money security interest in the product or mass given by the same grantor.