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Ohio · Through 2001-07-01 (Senate Bill 74 - 124th General Assembly)

Ohio Rev. Code § 1309.204: After-acquired property - future advances - UCC 9-204.

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Where this section sits in the code
  1. Title 13 Commercial Transactions
  2. Chapter 1309 Secured Transactions

(A) Except as provided in division (B) of this section, a security agreement may create or provide for a security interest in after-acquired collateral.

(B) A security interest does not attach under a term constituting an after-acquired property clause to:

(1) Consumer goods other than accessions when given as additional security unless the debtor acquires rights in them within ten days after the secured party gives value; or

(2) A commercial tort claim.

(C) A security agreement may provide that collateral secures, or that accounts, chattel paper, payment intangibles, or promissory notes are sold in connection with, future advances or other value, whether or not the advances or value are given pursuant to commitment.

Collected 2026-09-14T19:24:29Z. Source file · JSON

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