§490:9-204 After-acquired property; future advances. (1) Except as provided in subsection (2), a security agreement may provide that any or all obligations covered by the security agreement are to be secured by after-acquired collateral.

(2) No security interest attaches under an after-acquired property clause to consumer goods other than accessions (section 490:9-314) when given as additional security unless the debtor acquires rights in them within ten days after the secured party gives value.

(3) Obligations covered by a security agreement may include future advances or other value whether or not the advances or value are given pursuant to commitment (subsection (1) of section 490:9-105). [L 1965, c 208, §9-204; am L 1967, c 79, §1(b); HRS §490:9-204; am L 1978, c 155, §1(13)]