2002 Florida Code
TITLE XXXIX COMMERCIAL RELATIONS
Chapter 679 UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS  
PART II EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT (ss. 679.2011-679.210)
679.2041   After-acquired property; future advances.

679.2041  After-acquired property; future advances.--

(1)  Except as otherwise provided in subsection (2), a security agreement may create or provide for a security interest in after-acquired collateral.

(2)  A security interest does not attach under a term constituting an after-acquired property clause to:

(a)  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

(b)  A commercial tort claim.

(3)  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.

History.--s. 2, ch. 2001-198.