| | | obligation only to the extent that it supports the collateral in | | which the secured party has a security interest. Complex issues | | may arise, however, if a supporting obligation supports many | | separate obligations of a particular account debtor and if the | | supported obligations are separately assigned as security to | | several secured parties. The problems may be exacerbated if a | | supporting obligation is limited to an aggregate amount that is | | less than the aggregate amount of the obligations it supports. | | This Article does not contain provisions dealing with competing | | claims to a limited supporting obligation. As under former | | Article 9, the law of suretyship and the agreements of the | | parties will control. |
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| | | 9. Collateral Follows Right to Payment or Performance. | | Subsection (g) [Maine cite subsection (7)] codifies the common- | | law rule that a transfer of an obligation secured by a security | | interest or other lien on personal or real property also | | transfers the security interest or lien. See Restatement (3d), | | Property (Mortgages) § 5.4(a) (1997). See also Section 9-308(e) | | [Maine cite section 9-1308, subsection (5)] (analogous rule for | | perfection). |
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| | | 10. Investment Property. Subsections (h) and (i) [Maine cite | | subsections (8) and (9)] make clear that attachment of a security | | interest in a securities account or commodity account is also | | attachment in security entitlements or commodity contracts | | carried in the accounts. |
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| | | §9-1204.__After-acquired property; future advances |
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| | | (1)__Except as otherwise provided in subsection (2), a | | security agreement may create or provide for a security interest | | in after-acquired collateral. |
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| | | (2)__A security interest does not attach under a term | | constituting an after-acquired property clause to: |
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| | | (a) 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 |
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| | | (b) A commercial tort claim. |
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| | | (3)__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. |
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