57A-9-335. Security interest in accession--Collateral that becomes an accession.
(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), 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 ยง57A-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) 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.
Source: SL 2000, ch 231.
Structure South Dakota Codified Laws
Title 57A - Uniform Commercial Code
Chapter 09 - Secured Transactions
Section 57A-9-101 - Short title.
Section 57A-9-102 - Definitions and index of definitions.
Section 57A-9-104 - Control of deposit account.
Section 57A-9-105 - Control of electronic chattel paper.
Section 57A-9-106 - Control of security, security settlement, or commodity contract.
Section 57A-9-107 - Control of letter-of-credit right.
Section 57A-9-108 - Sufficiency of description of property.
Section 57A-9-109 - Application of chapter.
Section 57A-9-110 - Provisions governing security interests arising under other sections.
Section 57A-9-202 - Immateriality of title to collateral.
Section 57A-9-204 - Interest in after-acquired collateral.
Section 57A-9-207 - Rights and duties of secured party having possession or control of collateral.
Section 57A-9-208 - Additional duties of secured party having control of collateral.
Section 57A-9-210 - Response to request for accounting, statement of account, or list of collateral.
Section 57A-9-301 - Law governing perfection, effect of perfection or nonperfection, and priority.
Section 57A-9-302 - Law governing perfection and priority issues relating to farm products.
Section 57A-9-307 - Location of debtor.
Section 57A-9-308 - What constitutes perfection of security interest or agricultural lien.
Section 57A-9-309 - Security interests that are perfected when they attach.
Section 57A-9-313 - Perfection by taking possession of collateral or by delivery.
Section 57A-9-314 - Perfection by control of collateral.
Section 57A-9-316 - Effect of change in governing law.
Section 57A-9-318 - Effect of sale of collateral on rights of debtor.
Section 57A-9-319 - Rights of consignee in relation to creditors and purchasers.
Section 57A-9-324 - Priority of perfected purchase money security interest.
Section 57A-9-326 - Subordination of security interest created by new debtor.
Section 57A-9-327 - Priority among conflicting security interests in same deposit account.
Section 57A-9-328 - Priority among conflicting security interests in same investment property.
Section 57A-9-329 - Priority among conflicting security interests in same letter-of-credit right.
Section 57A-9-330 - Priority of rights of purchaser of chattel paper--Priority in proceeds.
Section 57A-9-332 - Transferee of money or funds from deposit account.
Section 57A-9-333 - "Possessory lien"--Priority over security interest.
Section 57A-9-334 - Security interest in fixtures--Priority--Security interest in growing crops.
Section 57A-9-335 - Security interest in accession--Collateral that becomes an accession.
Section 57A-9-339 - Subordination by agreement.
Section 57A-9-401 - Transferability of debtor's rights.
Section 57A-9-402 - Secured party's liability for debtor's acts or omissions.
Section 57A-9-403 - "Value"--Agreement not to assert claims or defenses against assignee.
Section 57A-9-404 - Claims and defenses assertable against assignee.
Section 57A-9-405 - Effect of modification or substitution of assigned contract.
Section 57A-9-407 - Ineffective prohibitions or restrictions in lease agreement.
Section 57A-9-501.1 - Validation of noncomplying statements.
Section 57A-9-503 - Name of debtor and secured party.
Section 57A-9-504 - Sufficiency of description of collateral.
Section 57A-9-506 - Substantial compliance with requirements.
Section 57A-9-507 - Continuing effectiveness of filed financing statement.
Section 57A-9-508 - Effect of new debtor's rights in collateral.
Section 57A-9-509 - Authority to file financing statement or amendment adding collateral or debtor.
Section 57A-9-510 - Effectiveness of filed record.
Section 57A-9-511 - Person constituting secured party of record.
Section 57A-9-512 - Procedure for amending financing statement--Effectiveness.
Section 57A-9-513 - Termination statement.
Section 57A-9-515 - Effective period for filed financing statement--Effect of lapse.
Section 57A-9-516 - What constitutes filing--Refusal to accept for filing--Effect.
Section 57A-9-517 - Effect of incorrect indexing of record.
Section 57A-9-518 - Information statement regarding record.
Section 57A-9-519 - Duties of filing office in dealing with records.
Section 57A-9-520 - Refusal by filing office to accept record.
Section 57A-9-521 - Forms for financing statement, amendment to statement, and addendum for either.
Section 57A-9-524 - Excuses for filing office failure to meet time limits.
Section 57A-9-525 - Fees for filing and indexing records.
Section 57A-9-525.2 - Central filing system--Promulgation of regulations.
Section 57A-9-525.3 - Central agricultural security interest filing system--Adoption of rules.
Section 57A-9-525.4 - Fee for crop or livestock effective finance statement microfiche master list.
Section 57A-9-526 - Rules and practices for filing offices.
Section 57A-9-527 - Financing statement and annual report filing fee fund.
Section 57A-9-528 - Fees deposited in filing fee fund.
Section 57A-9-529 - Disposition of balance of funds.
Section 57A-9-530 - Combined financing statement for farm products.
Section 57A-9-602 - Waiver or variance of rules by debtor or obligor.
Section 57A-9-603 - Agreement on standards for fulfilling rights and duties.
Section 57A-9-606 - Time of default in connection with agricultural lien.
Section 57A-9-607 - Collection and enforcement by secured party.
Section 57A-9-608 - Application of proceeds--Entitlement to surplus or liability for deficiency.
Section 57A-9-609 - Secured party's rights with respect to collateral following default.
Section 57A-9-609.2 - Farm products fraud--Misdemeanor.
Section 57A-9-610 - Disposition of collateral after default--Treatment of warranties.
Section 57A-9-611 - "Notification date"--Notification of disposition of collateral.
Section 57A-9-612 - Reasonable time for sending notification.
Section 57A-9-613 - Contents of notification--Form.
Section 57A-9-614 - Notice of disposition for consumer goods transaction--Form.
Section 57A-9-617 - Rights of transferee of collateral disposed of after default.
Section 57A-9-618 - Rights and duties of secondary obligor.
Section 57A-9-621 - Persons who must receive secured party's proposal to accept collateral.
Section 57A-9-622 - Effect of acceptance of collateral.
Section 57A-9-623 - Persons who may redeem collateral--Procedure.
Section 57A-9-624 - Waiver of rights.
Section 57A-9-626 - Action in which amount of deficiency or surplus is in issue.
Section 57A-9-628 - Limitations on liability of secured party.
Section 57A-9-701 - Effective date of chapter.
Section 57A-9-703 - Effect of division on security interests enforceable before July 1, 2001.
Section 57A-9-705 - Effect of certain actions prior to July 1, 2001.
Section 57A-9-707 - Pre-effective-date financing statement--Amendment, continuation, termination.
Section 57A-9-801 - Effective date of SL 2012, ch 238.
Section 57A-9-802 - Savings clause.
Section 57A-9-803 - Security interest perfected before effective date.
Section 57A-9-804 - Security interest unperfected before effective date.
Section 57A-9-805 - Effectiveness of action taken before effective date.
Section 57A-9-807 - Amendment of pre-effective-date financing statement.
Section 57A-9-808 - Person entitled to file initial financing statement or continuation statement.