TITLE 5: UNIFORM COMMERCIAL CODE
DIVISION 9: SECURED TRANSACTIONS, ETC.
§ 9204. After-Acquired Property; Future Advances. (1) Except as provided in subsection (2) of this section, 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 (5 CMC § 9314) when given as additional security unless the debtor acquires rights in them within 10 days after the secured party gives value. (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 (5 CMC § 9105(1)). Source: PL 3-56, § 1 (§ 9204).