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Secured Transactions Act · s 81
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Secured Transactions Act · s 81
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
A secured party who is entitled to repossess an accession under section 63 shall remove the accession from the whole in a manner that causes no greater damage to the other goods or that puts the person in possession of the whole to no greater inconvenience than is necessary for the removal of the accession.
A person, other than a debtor, who has an interest in the other goods at the time the goods become an accession shall be entitled to reimbursement for any damage to the interest of that person in the other goods caused by the removal of the accession.
Any reimbursement payable under subsection (2) shall not include reimbursement for a reduction in the value of the property caused by the removal of the accession or by the necessity of the replacement of the accession.
Secured Transactions 44
A person entitled to reimbursement under this section may refuse permission to remove the accession until the secured party has given adequate security for the reimbursement.