14-9-108. WHEN AFTER-ACQUIRED COLLATERAL IS NOT SECURITY FOR AN ANTECEDENT DEBT.

Where a secured party makes an advance, incurs an obligation, releases a perfected security interest, or otherwise gives new value which is to be secured in whole or in part by after-acquired property, his security interest in the after-acquired collateral is deemed to be taken for new value, and not as security for an antecedent debt, if and only if the debtor acquires his rights in that collateral either in the ordinary course of business or under a purchase contract made pursuant to the security agreement within a reasonable time after new value is given.