Okla. Stat. tit. 12A, § 12A-1-9-204: After-acquired property; future advances
Where this section sits in the code
- OK Code
- Title 12A
AFTER-ACQUIRED PROPERTY; FUTURE ADVANCES
(a) Except as otherwise provided in subsection (b) of this
section, a security agreement may create or provide for a security
interest in after-acquired collateral.
(b) Subject to subsection (d) of this section, a security
interest does not attach under a term constituting an after-acquired
property clause to:
(1) consumer goods, other than an accession when given as
additional security, unless the debtor acquires rights in them
within ten (10) 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.
(d) Subsection (b) of this section does not prevent a security
interest from attaching:
(1) to consumer goods as proceeds under subsection (a) of
Section 1-9-315 of this title or commingled goods under subsection
(c) of Section 1-9-336 of this title;
(2) to a commercial tort claim as proceeds under subsection (a)
of Section 1-9-315 of this title; or
(3) under an after-acquired property clause to property that is
proceeds of consumer goods or a commercial tort claim.
Collected 2026-09-14T18:32:36Z. Source file · JSON