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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-1-9-204: After-acquired property; future advances

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Where this section sits in the code
  1. OK Code
  2. 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

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