California Commercial Code

§ 9204

COM § 9204 Effective Jan 1, 2024Div. 9 · Ch. 2

Statute text

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

(b)Subject to subdivision (c), a security interest does not attach under a term constituting an after-acquired property clause to either of the following:

(1)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.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 31. (SB 95) Effective January 1, 2024.