The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 9-335)
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§ 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 subsection (d) of this section, the other provisions
of this part determine the priority of a security interest in an accession.
(d) 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 subsection 9—311(b) of this title.
(e) 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) A secured party that removes an accession from other goods under subsection (e) of
this section shall promptly reimburse any encumbrancer 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 encumbrancer
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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)