New Jersey Statutes Title 12A. Commercial Transactions 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:

 (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.