Chapter 79 — Secured Transactions
ORS 79.0204 UCC 9-204
After-acquired property; future advances. (1) Except as otherwise provided in subsection (2) of this section, a security agreement may create or provide for a security interest in after-acquired collateral.
A security interest does not attach under a term constituting an after-acquired property clause to:
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
A commercial tort claim.
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.
Official sources · 2Tap to view provenance and version history
Provenance
2023 Oregon Revised Statutes
Official online edition
- Source
- oregonlegislature.gov
- SHA-256
becc9a04…aee7ad25- Review
- auto verified
Version history
Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.
2025 Oregon Revised Statutes — official online source · renumbered · designation only
Official source2023 Oregon Revised Statutes · active · operative text
Official source