{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.9A-204.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.9A-204.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.9A-204.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.9A-204.html"}],"law_id":61057,"edition_id":1,"section_id":61057,"structure_id":13279,"section_number":"8.9A-204","catch_line":"After-acquired property; future advances","history":"1964, c. 219, \u00a7 8.9-204; 1973, c. 509; 2000, c. 1007; 2024, c. 652.","full_text":"a\n\nAfter-acquired collateral. Except as otherwise provided in subsection (b), a security agreement may create or provide for a security interest in after-acquired collateral.b\n\nWhen after-acquired property clause not effective. Subject to subsection (b.1), a security interest does not attach under a term constituting an after-acquired property clause to:1\n\nconsumer goods, other than an accession when given as additional security, unless the debtor acquires rights in them within ten days after the secured party gives value; or2\n\na commercial tort claim.\n\t\t\t\t(b.1) Limitation on subsection (b). Subsection (b) does not prevent a security interest from attaching:1\n\nto consumer goods as proceeds under § 8.9A-315 (a) or commingled goods under § 8.9A-336 (c);2\n\nto a commercial tort claim as proceeds under § 8.9A-315 (a); or3\n\nunder an after-acquired property clause to property that is proceeds of consumer goods or a commercial tort claim.c\n\nFuture advances and other value. 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.","order_by":null,"text":{"0":{"id":223256,"text":"After-acquired collateral. Except as otherwise provided in subsection (b), a security agreement may create or provide for a security interest in after-acquired collateral.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":223257,"text":"When after-acquired property clause not effective. Subject to subsection (b.1), a security interest does not attach under a term constituting an after-acquired property clause to:","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a","next_prefix":"b1"},"2":{"id":223258,"text":"consumer goods, other than an accession when given as additional security, unless the debtor acquires rights in them within ten days after the secured party gives value; or","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b","next_prefix":"b2"},"3":{"id":223259,"text":"a commercial tort claim.\n\t\t\t\t(b.1) Limitation on subsection (b). Subsection (b) does not prevent a security interest from attaching:","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1","next_prefix":"b1"},"4":{"id":223260,"text":"to consumer goods as proceeds under § 8.9A-315 (a) or commingled goods under § 8.9A-336 (c);","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b2","next_prefix":"b2"},"5":{"id":223261,"text":"to a commercial tort claim as proceeds under § 8.9A-315 (a); or","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1","next_prefix":"b3"},"6":{"id":223262,"text":"under an after-acquired property clause to property that is proceeds of consumer goods or a commercial tort claim.","type":"section","prefixes":["b","3"],"prefix":"3","entire_prefix":"b3","prefix_anchor":"b3","level":2,"prior_prefix":"b2","next_prefix":"c"},"7":{"id":223263,"text":"Future advances and other value. 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.","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b3"}},"ancestry":[{"id":13279,"edition_id":1,"name":"Effectiveness and Attachment","identifier":"1","label":"subpart","depth":3,"order_by":1,"parent_id":13278,"metadata":{},"date_created":"2026-06-26 03:44:33","date_modified":"2026-06-26 03:44:33","permalink":{"id":283895,"object_type":"structure","relational_id":13279,"identifier":"1","token":"8.9A\/2\/1","url":"\/8.9A\/2\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13278,"edition_id":1,"name":"Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement","identifier":"2","label":"part","depth":2,"order_by":1,"parent_id":13277,"metadata":{},"date_created":"2026-06-26 03:44:33","date_modified":"2026-06-26 03:44:33","permalink":{"id":283893,"object_type":"structure","relational_id":13278,"identifier":"2","token":"8.9A\/2","url":"\/8.9A\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13277,"edition_id":1,"name":"Commercial Code \u2014 Secured Transactions","identifier":"8.9A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:33","date_modified":"2026-06-26 03:44:33","permalink":{"id":283833,"object_type":"structure","relational_id":13277,"identifier":"8.9A","token":"8.9A","url":"\/8.9A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85189,"structure_id":13279,"section_number":"8.9A-201","catch_line":"General effectiveness of security agreement","url":"\/8.9A-201\/","token":"8.9A\/2\/1\/8.9A-201","metadata":false},{"id":64911,"structure_id":13279,"section_number":"8.9A-202","catch_line":"Title to collateral immaterial","url":"\/8.9A-202\/","token":"8.9A\/2\/1\/8.9A-202","metadata":false},{"id":74128,"structure_id":13279,"section_number":"8.9A-203","catch_line":"Attachment and enforceability of security interest; proceeds, supporting obligations; formal requisites","url":"\/8.9A-203\/","token":"8.9A\/2\/1\/8.9A-203","metadata":false},{"id":61057,"structure_id":13279,"section_number":"8.9A-204","catch_line":"After-acquired property; future advances","url":"\/8.9A-204\/","token":"8.9A\/2\/1\/8.9A-204","metadata":false},{"id":78518,"structure_id":13279,"section_number":"8.9A-204.1","catch_line":"Security interests in consumer goods","url":"\/8.9A-204.1\/","token":"8.9A\/2\/1\/8.9A-204.1","metadata":false},{"id":64653,"structure_id":13279,"section_number":"8.9A-205","catch_line":"Use or disposition of collateral permissible","url":"\/8.9A-205\/","token":"8.9A\/2\/1\/8.9A-205","metadata":false},{"id":54271,"structure_id":13279,"section_number":"8.9A-206","catch_line":"Security interest arising in purchase or delivery of financial asset","url":"\/8.9A-206\/","token":"8.9A\/2\/1\/8.9A-206","metadata":false}],"previous_section":{"id":74128,"structure_id":13279,"section_number":"8.9A-203","catch_line":"Attachment and enforceability of security interest; proceeds, supporting obligations; formal requisites","url":"\/8.9A-203\/","token":"8.9A\/2\/1\/8.9A-203","metadata":false},"next_section":{"id":78518,"structure_id":13279,"section_number":"8.9A-204.1","catch_line":"Security interests in consumer goods","url":"\/8.9A-204.1\/","token":"8.9A\/2\/1\/8.9A-204.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-204\/","history_text":"

This law was first created in 1964. The record of its establishment is cataloged in chapter 219 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 \u201cActs\u201d aren\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1973, chapter 509; in 2000, chapter 1007<\/a>; in 2024, chapter 652<\/a>.<\/p>","references":false,"refers_to":[{"id":76348,"section_number":"8.9A-315","catch_line":"Secured party's rights on disposition of collateral and in proceeds","order_by":null,"url":"\/8.9A-315\/"},{"id":80265,"section_number":"8.9A-336","catch_line":"Commingled goods","order_by":null,"url":"\/8.9A-336\/"}],"permalink":{"id":283909,"object_type":"law","relational_id":61057,"identifier":"8.9A-204","token":"8.9A\/2\/1\/8.9A-204","url":"\/8.9A-204\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.9A-204\/","token":"8.9A\/2\/1\/8.9A-204","dublin_core":{"Title":"After-acquired property; future advances","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-204","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> After-acquired collateral<\/span>. Except as otherwise provided in subsection (b), a security agreement may create or provide for a security interest in after-acquired collateral<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> When after-acquired property clause not effective. Subject to subsection (b.1), a security interest does not attach under a term constituting an after-acquired property clause to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> consumer goods, other than an accession when given as additional security, unless the debtor acquires rights in them within ten days after the secured party<\/span> gives value; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> a commercial tort<\/span> claim.\n\t\t\t\t(b.1) Limitation on subsection (b). Subsection (b) does not prevent a security interest from attaching: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> to consumer goods as proceeds under § 8.9A-315<\/a> (a) or commingled goods under § 8.9A-336<\/a> (c); <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> to a commercial tort<\/span> claim as proceeds under § 8.9A-315<\/a> (a); or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> under an after-acquired property clause to property that is proceeds of consumer goods or a commercial tort<\/span> claim. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> Future advances and other value. A security agreement may provide that collateral<\/span> 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. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAFTER-ACQUIRED PROPERTY; FUTURE ADVANCES (\u00a7 8.9A-204)\n\na. After-acquired collateral. Except as otherwise provided in subsection (b), a\nsecurity agreement may create or provide for a security interest in\nafter-acquired collateral.\n\nb. When after-acquired property clause not effective. Subject to subsection\n(b.1), a security interest does not attach under a term constituting an\nafter-acquired property clause to:\n\n 1. consumer goods, other than an accession when given as additional security,\n unless the debtor acquires rights in them within ten days after the secured\n party gives value; or\n\n 2. a commercial tort claim.\n \t\t\t\t(b.1) Limitation on subsection (b). Subsection (b) does not prevent a\n security interest from attaching:\n\n 1. to consumer goods as proceeds under § 8.9A-315 (a) or commingled goods\n under § 8.9A-336 (c);\n\n 2. to a commercial tort claim as proceeds under § 8.9A-315 (a); or\n\n 3. under an after-acquired property clause to property that is proceeds of\n consumer goods or a commercial tort claim.\n\nc. Future advances and other value. A security agreement may provide that\ncollateral secures, or that accounts, chattel paper, payment intangibles, or\npromissory notes are sold in connection with, future advances or other value,\nwhether or not the advances or value are given pursuant to commitment.\n\nHISTORY: 1964, c. 219, \u00a7 8.9-204; 1973, c. 509; 2000, c. 1007; 2024, c. 652.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}