In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Secured Transactions Act · 2022 Revised Edition · Part 6
Secured Transactions Act · 2022 Revised Edition · Part 6
Official textFrom Attorney General's Chambers, unchanged
A perfected security interest in goods that subsequently becomes part of a product or mass shall continue as a perfected security interest in the product or mass if the goods are manufactured, processed, assembled, or commingled in such a way that their identity is lost in the product or mass.
perfected security interest
“perfected security interest” means the security interest that has been created and becomes effective against third parties by control, possession, registration or temporarily, as the case may be;
goods
“goods” means tangible personal property and include farm products, inventory, equipment, consumer goods, trees that have been severed, and petroleum or minerals that have been extracted, but does not include chattel paper, document of title, negotiable instrument, investment security or money;
perfected security interest
“perfected security interest” means the security interest that has been created and becomes effective against third parties by control, possession, registration or temporarily, as the case may be;
Part
Part
Part
Part