{"data":{"id":"us-ri/r.i.-gen.-laws-6a-9-323","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-9-323","heading":"Future advances.","body":"(a) When priority based on time of advance. Except as otherwise provided in subsection (c), for purposes of determining the priority of a perfected security interest under § 6A-9-322(a)(1), perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that:\n(1) Is made while the security interest is perfected only:\n(i) Under § 6A-9-309 when it attaches; or\n(ii) Temporarily under § 6A-9-312(e), (f), or (g); and\n(2) Is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under § 6A-9-309 or § 6A-9-312(e), (f), or (g).\n(b) Lien creditor. Except as otherwise provided in subsection (c), a security interest is subordinate to the rights of a person that becomes a lien creditor to the extent that the security interest secures an advance made more than 45 days after the person becomes a lien creditor unless the advance is made:\n(1) Without knowledge of the lien; or\n(2) Pursuant to a commitment entered into without knowledge of the lien.\n(c) Buyer of receivables. Subsections (a) and (b) do not apply to a security interest held by a secured party that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor.\n(d) Buyer of goods. Except as otherwise provided in subsection (e), a buyer of goods takes free of a security interest to the extent that it secures advances made after the earlier of:\n(1) The time the secured party acquires knowledge of the buyer’s purchase; or\n(2) 45 days after the purchase.\n(e) Advances made pursuant to commitment: priority of buyer of goods. Subsection (d) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the buyer’s purchase and before the expiration of the 45-day period.\n(f) Lessee of goods. Except as otherwise provided in subsection (g), a lessee of goods takes the leasehold interest free of a security interest to the extent that it secures advances made after the earlier of:\n(1) The time the secured party acquires knowledge of the lease; or\n(2) 45 days after the lease contract becomes enforceable.\n(g) Advances made pursuant to commitment: priority of lessee of goods. Subsection (f) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the 45-day period.","path":["Title 6A Uniform Commercial Code","Chapter 9 Secured Transactions","Part 3 Perfection and Priority","Subpart 3 Priority"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE6A/6A-9/6A-3/6A-3/6A-9-323.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:29:34Z","sha256":"bad32befd8106b2d5202a228be46182fa4b5aac4ac02b12559bcb724031fd3c6","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-9-322","next":"us-ri/r.i.-gen.-laws-6a-9-324"},"notice":"GroundRules: Original legal text. Not legal advice."}