PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 91 Priority interest in whole--security interest in accession attaches after goods become accession

PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 91

    A security interest in goods that attaches after the goods become an accession is subordinate to the interest of:

  (a)   a person who has an interest in the other goods at the time when the goods become an accession and who:

  (i)   has not consented to the security interest in the accession; and

  (ii)   has not disclaimed an interest in the accession; and

  (iii)   has not entered into an agreement under which another person is entitled to remove the accession; and

  (iv)   is otherwise entitled to prevent the grantor from removing the accession; or

  (b)   a person who acquires an interest in the whole after the goods become an accession, but before the security interest in the accession is perfected.