{"data":{"id":"us-nc/n.c.-gen.-stat.-25-9-204","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-9-204","heading":"After-acquired property; future advances.","body":"(a)\tAfter-Acquired Collateral. - 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.\n(b)\tWhen After-Acquired Property Clause Not Effective. - Subject to subsection (b1) of this section, a security interest does not attach under a term constituting an after-acquired property clause to either of the following:\n(1)\tConsumer goods, other than an accession when given as additional security, unless the debtor acquires rights in them within 10 days after the secured party gives value.\n(2)\tA commercial tort claim.\n(b1)\tLimitation on Subsection (b). - Subsection (b) of this section does not prevent a security interest from attaching to any of the following:\n(1)\tTo consumer goods as proceeds under G.S. 25-9-315(a) or commingled goods under G.S. 25-9-336(c).\n(2)\tTo a commercial tort claim as proceeds under G.S. 25-9-315(a).\n(3)\tUnder an after-acquired property clause, to property that is proceeds of consumer goods or a commercial tort claim.\n(c)\tFuture Advances and Other Value. - 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. (1866-7, c. 1, s. 1; 1872-3, c. 133, s. 1; Code, s. 1799; 1893, c. 9; Rev., s. 2052; C.S., s. 2480; 1925, c. 302, s. 1; 1927, c. 22; 1935, c. 205; 1945, c. 182, s. 2; c. 196, s. 1; 1955, c. 386, s. 1; c. 816; 1957, cc. 504, 999; 1965, c. 700, s. 1; 1967, c. 562, s. 1; 1975, c. 862, s. 7; 2000-169, s. 1; 2025-25, s. 65.)","path":["Chapter 25. Uniform Commercial Code.","Article 9. Secured Transactions.","Part 2. Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-9-204.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"71e783a856925e2ddec078c6e4ddcabbed3eb6590d6029918fd58907d9faea37","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-9-203","next":"us-nc/n.c.-gen.-stat.-25-9-205"},"notice":"GroundRules: Original legal text. Not legal advice."}