§ 34.1-9-204 — After-acquired property; future advances

Wyoming § 34.1-9-204

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 9: SECURED TRANSACTIONS

Text

(a) Except as otherwise provided in subsection (b), a
security agreement may create or provide for a security interest
in after-acquired collateral.
(b) A security interest does not attach under a term
constituting an after-acquired property clause to:
(i) Consumer goods, other than an accession when
given as additional security, unless the debtor acquires rights
in them within ten (10) days after the secured party gives
value; or
(ii) 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.