(810 ILCS 5/9-335)
(a) Creation of security interest in accession. A security interest
may be created in an accession and continues in collateral that becomes an
(b) Perfection of security interest. If a security interest is
perfected when the collateral becomes an accession, the security interest
perfected in the collateral.
(c) Priority of security interest. Except as otherwise provided in
subsection (d), the other provisions of this Part determine the priority of a
interest in an accession.
(d) Compliance with certificate-of-title statute. 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
(e) Removal of accession after default. After default, subject to
Part 6, a secured party may remove an accession from other goods if the
interest in the accession has priority over the claims of every person having
interest in the whole.
(f) Reimbursement following removal. 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
or of the other goods, other than the debtor, for the cost of repair of any
injury to the whole or the other goods. The secured party need not reimburse
holder or owner for any diminution in value of the whole or the other goods
by the absence of the accession removed or by any necessity for replacing it.
person entitled to reimbursement may refuse permission to remove until the
secured party gives adequate assurance for the performance of the obligation to
(Source: P.A. 91-893, eff. 7-1-01.)