(a) 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.
(b) When after-acquired property clause not effective. — A security interest does not attach under a term constituting an after-acquired property clause to:
(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; or
(2) a commercial tort claim.
(c) 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.
Structure Delaware Code
Article 9. Secured Transactions
§ 9-201. General effectiveness of security agreement.
§ 9-202. Title to collateral immaterial.
§ 9-204. After-acquired property; future advances.
§ 9-205. Use or disposition of collateral permissible.
§ 9-206. Security interest arising in purchase or delivery of financial asset.
§ 9-207. Rights and duties of secured party having possession or control of collateral.
§ 9-208. Additional duties of secured party having control of collateral.
§ 9-209. Duties of secured party if account debtor has been notified of assignment.
§ 9-210. Request for accounting; request regarding list of collateral or statement of account.