PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 90 Priority interest in whole--before security interest in accession is perfected
PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 90
Priority interest in whole--before security interest in accession is perfectedThe interest of any of the following persons has priority over a security interest in goods that is attached at the time when the goods become an accession:
(a) a person who acquires for value an interest in the whole after the goods become an accession, but before the security interest in the accession is perfected;
(b) an assignee for value of a person with an interest in the whole at the time when the goods become an accession, but before the security interest in the accession is perfected;
(c) a person with a perfected security interest in the whole who makes an advance under the security agreement relating to the security interest after the goods become an accession, but before the security interest in the accession is perfected, and only to the extent of the advance;
(d) a person with a perfected security interest in the whole who
acquires the right to retain the whole in satisfaction of the obligation
secured after the goods become an accession, but before the security interest
in the accession is perfected.