Utah § 70A-9a-204 After-acquired property -- Future advances.

Utah Statutes

§ 70A-9a-204 — After-acquired property -- Future advances.

Utah § 70A-9a-204

Title 70AUniform Commercial Code

Ch. 70A-9aUniform Commercial Code - Secured Transactions

Part 70A-9a-2Effectiveness of Security Agreement - Attachment of Security Interest - Rights of Parties to Security Agreement

This text of Utah § 70A-9a-204 (After-acquired property -- Future advances.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 70A-9a-204 (2026).

Text

(1)Except as otherwise provided in Subsection (2), a security agreement may create or provide for a security interest in after-acquired collateral.

(2)A security interest does not attach under a term constituting an after-acquired property clause to:

(2)(a) 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

(2)(b) a commercial tort claim.

(3)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.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Except as otherwise provided in Subsection (2), a security agreement may create or provide for a security interest in after-acquired collateral.
(2) A security interest does not attach under a term constituting an after-acquired property clause to:

(2)(a) 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
(2)(b) a commercial tort claim.
(3) 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.