Colorado § 4-9-204 After-acquired property - future advances

Colorado Statutes

§ 4-9-204 — After-acquired property - future advances

Colorado·Title 04 Uniform·Art. Secured Transactions

(a)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.

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

(1)Consumer goods, other than an accession when given as additional security, unless the debtor acquires rights in them within ten days after the secured party gives value; or

(2)A commercial tort claim. (b.1) Subsection (b) of this section does not prevent a security interest from attaching:

(1)To consumer goods as proceeds under section 4-9-315 (a) or commingled goods under section 4-9-336 (c);

(2)To a commercial tort claim as proceeds under section 4-9-315 (a);

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(a) 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.

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

(1) Consumer goods, other than an accession when given as additional
security, unless the debtor acquires rights in them within ten days after the secured
party gives value; or

(2) A commercial tort claim.

(b.1) Subsection (b) of this section does not prevent a security interest from
attaching:

(1) To consumer goods as proceeds under section 4-9-315 (a) or commingled
goods under section 4-9-336 (c);

(2) To a commercial tort claim as proceeds under section 4-9-315 (a); or

(3) Under an after-acquired property clause to property that is proceeds of
consumer goods or a commercial tort claim.

(c) 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.

Colorado § 4-9-204 (After-acquired property - future advances) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2001: Entire article R&RE, p. 1336, � 1, effective July 1. L. 2023: IP(b) amended and (b.1) added, (SB 23-090), ch. 136, p. 547, � 47, effective August 7.