Live Free or Die Legal
This website is not an official source of law. This website does not provide legal advice. For official legal materials, verify against the relevant court, legislature, agency, or other official source. Legal information may be incomplete, outdated, or incorrectly processed. Consult a qualified attorney for advice about a specific legal matter.

This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.

RSA 382-A:9-204 · After-Acquired Property; Future Advances

Title
XXXIV-A: UNIFORM COMMERCIAL CODE
Chapter
382-A · UNIFORM COMMERCIAL CODE
Status
current
Official source linked
Yes
Official source Copy section link

382-A:9-204 After-Acquired Property; Future Advances. –

Copy link
(a)

After-acquired collateral. Except as otherwise provided in subsection (b), a security agreement may create or provide for a security interest in after-acquired collateral.

Copy link
(b)

When after-acquired property clause not effective. Subject to subsection (b.1), a security interest does not attach under a term constituting an after-acquired property clause to:

Copy link
(1)

consumer 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; or

Copy link
(2)

a commercial tort claim. (b.1) Limitation on subsection (b). Subsection (b) does not prevent a security interest from attaching:

Copy link
(1)

to consumer goods as proceeds under Section 9-315(a) or commingled goods under Section 336(c);

Copy link
(2)

to a commercial tort claim as proceeds under Section 9-315(a); or

Copy link
(3)

under an after-acquired property clause to property that is proceeds of consumer goods or a commercial tort claim.

Copy link
(c)

Limitation on subsection (b). Subsection (b) does not prevent a security interest from attaching:

Copy link
(1)

to consumer goods as proceeds under Section 9-315(a) or commingled goods under section 9-336(c);

Copy link
(2)

to a commercial tort claim as proceeds under Section 9-315(a); or

Copy link
(3)

under an after-acquired property clause to property that is proceeds of consumer goods or a commercial tort claim.

Copy link
(d)

Future 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. Source. 2001, 102:25, eff. July 1, 2001. 2022, 281:56, eff. Jan. 1, 2023. 2023, 236:36, eff. Oct. 7, 2023.

Copy link

Source note

Source. 2001, 102:25, eff. July 1, 2001. 2022, 281:56, eff. Jan. 1, 2023. 2023, 236:36, eff. Oct. 7, 2023.

Source history

  • 2001, 102:25, eff. July 1, 2001
  • 2022, 281:56, eff. Jan. 1, 2023
  • 2023, 236:36, eff. Oct. 7, 2023

Related materials

Bill relationships

  • 2026 HB1066 reference

    installment sale, or other similar agreement to acquire use or ownership of such equipment as is from time to time required by the municipality. For purposes of this section and RSA 382-A, building or facility improvements related to the installation, purpose, or operation of such equipment shall be deemed to constitute equipment and the costs of such improvements may be financed through lease agreements

  • 2026 HB1066-FN reference

    installment sale, or other similar agreement to acquire use or ownership of such equipment as is from time to time required by the municipality. For purposes of this section and RSA 382-A, building or facility improvements related to the installation, purpose, or operation of such equipment shall be deemed to constitute equipment and the costs of such improvements may be financed through lease agreements

  • 2026 HB1748 reference · effective 2027-01-01

    V. Any mortgage, pledge, or security interest made by the authority under this chapter shall be valid and binding and shall be deemed continuously perfected for the purposes of RSA 382-A and all other laws from the time when the mortgage, pledge, or security interest is made. The property or revenues so mortgaged, pledged, or subjected to a security interest then held or thereafter acquired or received

  • 2026 HB1748-FN reference · effective 2027-01-01

    V. Any mortgage, pledge, or security interest made by the authority under this chapter shall be valid and binding and shall be deemed continuously perfected for the purposes of RSA 382-A and all other laws from the time when the mortgage, pledge, or security interest is made. The property or revenues so mortgaged, pledged, or subjected to a security interest then held or thereafter acquired or received

  • 2026 SB56 reference · effective 2031-07-01

    rfected from the time when the security document is executed with or without any subsequent physical delivery or segregation of the money and without any filing or recording under RSA 382-A or otherwise] A pledge of property, revenues, or other collateral by the authority to secure the payment of principal or redemption price of, or interest on, any bonds, or any reimbursement or similar agreement with any