{"data":{"id":"us-ky/krs-355.9-204","jurisdiction":"us-ky","citation":"KRS 355.9-204","heading":"After-acquired property -- Future advances.","body":"(1) Except as otherwise provided in subsection (2) of this section, a security agreement\nmay create or provide for a security interest in after-acquired collateral.\n(2) (a) Subject to paragraph (b) of this subsection, a security interest does not attach\nunder a term constituting an after-acquired property clause to:\n1. Consumer goods, other than an accession when given as additional\nsecurity, unless the debtor acquires rights in them within ten (10) days\nafter the secured party gives value; or\n2. A commercial tort claim.\n(b) Paragraph (a) of this subsection does not prevent a security interest from\nattaching:\n1. To consumer goods as proceeds under KRS 355.9 -315(1) or\ncommingled goods under KRS 355.9-336(3);\n2. To a commercial tort claim as proceeds under KRS 355.9-315(1); or\n3. Under an after -acquired property clause to property that is proceeds of\nconsumer goods or a commercial tort claim.\n(3) A security agreement may provide that collateral secures, or that accounts, chattel\npaper, payment intangibles, or promissory notes are sold in connection with, future\nadvances or other value, whether or not the advances or value are given pursuant to\ncommitment.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55675","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:47Z","sha256":"4cd5fb5044631001ccccd7d7ce4c37b9daf61906384ebde447b0db0790e48c3f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-203","next":"us-ky/krs-355.9-205"},"notice":"GroundRules: Original legal text. Not legal advice."}