Readily Removable Fixtures - Security Interests
Secured Transactions
Written by J. Mance Gordon
Updated at April 20th, 2024
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What is a Readily Removable Fixture?
9-334(e)(2) states that a secured party holding a security interest in a fixture can gain priority over security interests in real property if the fixture is readily removable. The secured party must perfect the security interest in the fixture by any valid method prior to the collateral becoming a fixture.
For a fixture to be readily removable, such as an office machine, equipment not used in operation of the property, or replacement of appliances that are consumer goods.