New Jersey § 12a:9-204

§ 12a:9-204.

(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.