6. Sales of Receivables. Subsections (a) and (c) [Maine cite subsections (1) and (3)] expressly validate after-acquired property and future advance clauses not only when the transaction is for security purposes but also when the transaction is the sale of accounts, chattel paper, payment intangibles, or promissory notes. This result was implicit under former Article 9.

7. Financing Statements. The effect of after-acquired property and future advance clauses as components of a security agreement should not be confused with the requirements applicable to financing statements under this Article's system of perfection by notice filing. The references to after-acquired property clauses and future advance clauses in this section are limited to security agreements. There is no need to refer to after-acquired property or future advances or other obligations secured in a financing statement. See Section 9-502 [Maine cite section 9- 1502], Comment 2.

§9-1205.__Use or disposition of collateral permissible

(1)__A security interest is not invalid or fraudulent against creditors solely because:

(a)__The debtor has the right or ability to:

(i)__Use, commingle or dispose of all or part of the collateral, including returned or repossessed goods;

(ii) Collect, compromise, enforce or otherwise deal with collateral;

(iii) Accept the return of collateral or make repossessions; or

(iv)__Use, commingle or dispose of proceeds; or

(b) The secured party fails to require the debtor to account for proceeds or replace collateral.

(2)__This section does not relax the requirements of possession if attachment, perfection or enforcement of a security