HARRY HUGHES, Governor

2893

It attaches as soon as all of the events in the preceding
sentence have taken place unless explicit agreement
postpones the time of attaching.]

[(2) For the purposes of this section the debtor has
no rights

(a)  In crops until they are planted or otherwise
become growing crops, in the young of livestock until they
are conceived;

(b)  In fish until caught, in oil, gas or
minerals until they are extracted, in timber until it is
cut;

(c)  In a contract right until the contract has
been made;

(d)  In an account until it comes into
existence.]

[(3) Except as provided in subsection (4) a security
agreement may provide that collateral, whenever acquired,
shall secure all obligations covered by the security
agreement.]

[(4) No security interest attaches under an
after-acquired property clause

(a)  To crops which become such more than one
year after the security agreement is executed except that a
security interest in crops which is given in conjunction
with a lease or a land purchase or improvement transaction
evidenced by a contract, mortgage or deed of trust may if so
agreed attach to crops to be grown on the land concerned
during the period of such real estate transaction;

(b)  To consumer goods other than accessions (§
9-314) when given as additional security unless the debtor
acquires rights in them within ten days after the secured
party gives value.]

(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 (§ 9-314) WHEN GIVEN AS ADDITIONAL SECURITY
UNLESS THE DEBTOR ACQUIRES RIGHTS IN THEM WITHIN 10 DAYS
AFTER THE SECURED PARTY GIVES VALUE.

[(5)] (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 § 9-105).