Section 9--110. On a security interest arising under Article 2 or 2-A, and Section 9--206 on security interests in investment property  


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  • (d) When   a   person  becomes  bound  by  another  person's  security
      agreement.  A person becomes bound as debtor  by  a  security  agreement
      entered  into  by another person if, by operation of law other than this
      article or by contract:
             (1) the security agreement becomes effective to create a security
                 interest in the person's property; or
             (2) the person becomes generally obligated for the obligations of
                 the other person, including the obligation secured under  the
                 security  agreement,  and  acquires  or  succeeds  to  all or
                 substantially all of the assets of the other person.
        (e) Effect of new debtor becoming bound. If a new debtor becomes bound
      as debtor by a security agreement entered into by another person:
             (1) the agreement satisfies subsection  (b)(3)  with  respect  to
                 existing  or after-acquired property of the new debtor to the
                 extent the property is described in the agreement; and
             (2) another  agreement  is  not  necessary  to  make  a  security
                 interest in the property enforceable.
        (f) Proceeds  and supporting obligations. The attachment of a security
      interest in collateral gives the secured party the  rights  to  proceeds
      provided by Section 9--315 and is also attachment of a security interest
      in a supporting obligation for the collateral.
        (g) Lien  securing  right  to  payment.  The  attachment of a security
      interest in a right to payment or  performance  secured  by  a  security
      interest  or  other lien on personal or real property is also attachment
    
      of a security interest in the  security  interest,  mortgage,  or  other
      lien.
        (h) Security entitlement carried in securities account. The attachment
      of  a  security interest in a securities account is also attachment of a
      security interest in the security entitlements carried in the securities
      account.
        (i) Commodity contracts carried in commodity account.  The  attachment
      of  a  security  interest in a commodity account is also attachment of a
      security interest in the commodity contracts carried  in  the  commodity
      account.