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§12A-9-315.
§12A-9-315.
(1) If a security interest in goods was perfected and subsequently the
goods or a part thereof have become part of a product or mass, the
security interest continues in the product or mass if
(a) the goods are so manufactured, processed, assembled or commingled
that their identity is lost in the product or mass; or
(b) a financing statement covering the original goods also covers the
product into which the goods have been manufactured, processed or
assembled.
In a case to which paragraph (b) applies, no separate security
interest in that part of the original goods which has been
manufactured, processed or assembled into the product may be claimed
under Section 9-314.
(2) When under subsection (1) more than one security interest attaches
to the product or mass, they rank equally according to the ratio that
the cost of the goods to which each interest originally attached bears
to the cost of the total product or mass.
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