PERSONAL PROPERTY SECURITIES ACT 2009 (NO. 130, 2009) - SECT 100 Perfection of security interest in goods that become processed or commingled applies to product or mass

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PERSONAL PROPERTY SECURITIES ACT 2009 (NO. 130, 2009) - SECT 100

Perfection of security interest in goods that become processed or commingled applies to product or mass

For the purposes of section 55 (default priority rules), perfection of a security interest in goods that subsequently become part of a product or mass is to be treated as perfection of the security interest in the product or the mass.

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