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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>61057</law_id><section_number>8.9A-204</section_number><catch_line>After-acquired property; future advances</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="8.9A">Commercial Code &#x2014; Secured Transactions</unit><unit label="part" level="2" order_by="1" identifier="2">Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement</unit><unit label="subpart" level="3" order_by="1" identifier="1">Effectiveness and Attachment</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> After-acquired <span class="dictionary">collateral</span>. Except as otherwise provided in subsection (b), a security agreement may create or provide for a security interest in after-acquired <span class="dictionary">collateral</span>. <a id="paragraph-223256" class="section-permalink" href="https://vacode.org/8.9A-204/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">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: <a id="paragraph-223257" class="section-permalink" href="https://vacode.org/8.9A-204/#b"><i class="fa fa-link"/></a></p></section>
						<section id="b1" class="indent-1"><p><span class="prefix-number">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 <span class="dictionary">party</span> gives value; or <a id="paragraph-223258" class="section-permalink" href="https://vacode.org/8.9A-204/#b1"><i class="fa fa-link"/></a></p></section>
						<section id="b2" class="indent-1"><p><span class="prefix-number">2.</span> a commercial <span class="dictionary">tort</span> claim.
				(b.1) Limitation on subsection (b). Subsection (b) does not prevent a security interest from attaching: <a id="paragraph-223259" class="section-permalink" href="https://vacode.org/8.9A-204/#b2"><i class="fa fa-link"/></a></p></section>
						<section id="b1" class="indent-1"><p><span class="prefix-number">1.</span> to consumer goods as proceeds under &#xA7; <a class="law" title="Secured party's rights on disposition of collateral and in proceeds" href="/8.9A-315/">8.9A-315</a> (a) or commingled goods under &#xA7; <a class="law" title="Commingled goods" href="/8.9A-336/">8.9A-336</a> (c); <a id="paragraph-223260" class="section-permalink" href="https://vacode.org/8.9A-204/#b1"><i class="fa fa-link"/></a></p></section>
						<section id="b2" class="indent-1"><p><span class="prefix-number">2.</span> to a commercial <span class="dictionary">tort</span> claim as proceeds under &#xA7; <a class="law" title="Secured party's rights on disposition of collateral and in proceeds" href="/8.9A-315/">8.9A-315</a> (a); or <a id="paragraph-223261" class="section-permalink" href="https://vacode.org/8.9A-204/#b2"><i class="fa fa-link"/></a></p></section>
						<section id="b3" class="indent-1"><p><span class="prefix-number">3.</span> under an after-acquired property clause to property that is proceeds of consumer goods or a commercial <span class="dictionary">tort</span> claim. <a id="paragraph-223262" class="section-permalink" href="https://vacode.org/8.9A-204/#b3"><i class="fa fa-link"/></a></p></section>
						<section id="c"><p><span class="prefix-number">c.</span> Future advances and other value. A security agreement may provide that <span class="dictionary">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. <a id="paragraph-223263" class="section-permalink" href="https://vacode.org/8.9A-204/#c"><i class="fa fa-link"/></a></p></section></text><history>1964, c. 219, &#xA7; 8.9-204; 1973, c. 509; 2000, c. 1007; 2024, c. 652.</history><metadata></metadata></law>
