Colorado § 4-9-336 Commingled goods

Colorado Statutes

§ 4-9-336 — Commingled goods

Colorado·Title 04 Uniform·Art. Secured Transactions

(a)In this section, commingled goods means goods that are physically united with other goods in such a manner that their identity is lost in a product or mass.

(b)A security interest does not exist in commingled goods as such. However, a security interest may attach to a product or mass that results when goods become commingled goods.

(c)If collateral becomes commingled goods, a security interest attaches to the product or mass.

(d)If a security interest in collateral is perfected before the collateral becomes commingled goods, the security interest that attaches to the product or mass under subsection (c) of this section is perfected.

(e)Except as otherwise provided in subsection (f) of this section, the other provisions of this part 3 determine the priority of a security

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(a) In this section, commingled goods
means goods that are physically united with other goods in such a manner that their
identity is lost in a product or mass.

(b) A security interest does not exist in commingled goods as such. However,
a security interest may attach to a product or mass that results when goods
become commingled goods.

(c) If collateral becomes commingled goods, a security interest attaches to
the product or mass.

(d) If a security interest in collateral is perfected before the collateral
becomes commingled goods, the security interest that attaches to the product or
mass under subsection (c) of this section is perfected.

(e) Except as otherwise provided in subsection (f) of this section, the other
provisions of this part 3 determine the priority of a security interest that attaches to
the product or mass under subsection (c) of this section.

(f) If more than one security interest attaches to the product or mass under
subsection (c) of this section, the following rules determine priority:

(1) A security interest that is perfected under subsection (d) of this section
has priority over a security interest that is unperfected at the time the collateral
becomes commingled goods.

(2) If more than one security interest is perfected under subsection (d) of this
section, the security interests rank equally in proportion to the value of the
collateral at the time it became commingled goods.

Colorado § 4-9-336 (Commingled goods) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.