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0 tracked cards Supplemental - Not MEE July 2026

A borrower signs a security agreement covering "all general intangibles and commercial tort claims, whether now owned or later acquired." At signing, the borrower has no tort claims. Six months later, the borrower suffers business property damage caused by a supplier's misconduct and obtains a commercial tort claim.
Does the earlier security agreement attach to the commercial tort claim?

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The security interest attaches because all after-acquired property clauses cover future commercial tort claims. The security interest generally does not attach to the later commercial tort claim because it was not specifically described and after-acquired clauses do not cover later-acquired commercial tort claims. The security interest attaches because filing a financing statement creates attachment. The security interest attaches if the debtor later files the tort lawsuit in court.

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