GroundRules
← Search the law
us-gu · Through P.L. 38-133 (June 4, 2026)

13 GCA § 9108: When After-Acquired Collateral Not Security for Antecedent Debt.

Read at publisher ↗
Where this section sits in the code
  1. Title 13: Uniform Commercial Code
  2. Division 9: Secured Transactions; Sales of Accounts and Chattel Paper
  3. CHAPTER 1

Where a secured party makes an advance, incurs an obligation, releases a perfected security interest, or otherwise gives new value which is to be secured in whole or in part by afteracquired property his security interest in the afteracquired collateral shall be deemed to be taken for new value and not as security for an antecedent debt if the debtor acquires his rights in such collateral either in the ordinary course of his business or under a contract of purchase made pursuant to the security agreement within a reasonable time after new value is given.

Collected 2026-09-27T03:28:58Z. Source file · JSON

Browse this collection