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0 tracked cards Supplemental - Not MEE July 2026

A security agreement and financing statement cover equipment and state that the collateral secures current and future advances. The secured party later makes an additional advance.
What is the best general statement about priority of the future advance?

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Future advances are secured only if made in cash. Future advances have priority only if the debtor files a financing statement. Future advances are available only in consumer-goods PMSI transactions. Future advances may share the priority of the original security interest when covered by the security agreement and filing, subject to Article 9 rules and exceptions.

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