There is a newer version of the Code of Virginia
2014 Virginia Code
Title 8.9A - Commercial Code - Secured Transactions
Part 1. GENERAL PROVISIONSSub Part 1. SHORT TITLE, DEFINITIONS AND GENERAL CONCEPTS
- § 8.9A-101. Short title
- § 8.9A-102. Definitions and index of definitions
- § 8.9A-103. Purchase-money security interest; application of payments; burden of establishing
- § 8.9A-104. Control of deposit account
- § 8.9A-105. Control of electronic chattel paper
- § 8.9A-106. Control of investment property
- § 8.9A-107. Control of letter-of-credit right
- § 8.9A-108. Sufficiency of description
Part 2. EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT
Sub Part 1. EFFECTIVENESS AND ATTACHMENT.
- § 8.9A-201. General effectiveness of security agreement
- § 8.9A-202. Title to collateral immaterial
- § 8.9A-203. Attachment and enforceability of security interest; proceeds, supporting obligations; formal requisites
- § 8.9A-204. After-acquired property; future advances
- § 8.9A-204.1. Security interests in consumer goods
- § 8.9A-205. Use or disposition of collateral permissible
- § 8.9A-206. Security interest arising in purchase or delivery of financial asset
- § 8.9A-207. Rights and duties of secured party having possession or control of collateral
- § 8.9A-208. Additional duties of secured party having control of collateral
- § 8.9A-209. Duties of secured party if account debtor has been notified of assignment
- § 8.9A-210. Request for accounting; request regarding list of collateral or statement of account
Sub Part 1. LAW GOVERNING PERFECTION AND PRIORITY
- § 8.9A-301. Law governing perfection and priority of security interests
- § 8.9A-302. Law governing perfection and priority of agricultural liens
- § 8.9A-303. Law governing perfection and priority of security interests in goods covered by a certificate of title
- § 8.9A-304. Law governing perfection and priority of security interests in deposit accounts
- § 8.9A-305. Law governing perfection and priority of security interests in investment property
- § 8.9A-306. Law governing perfection and priority of security interests in letter-of-credit rights
- § 8.9A-307. Location of debtor
- § 8.9A-308. When security interest or agricultural lien is perfected; continuity of perfection
- § 8.9A-309. Security interest perfected upon attachment
- § 8.9A-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
- § 8.9A-311. Perfection of security interests in property subject to certain statutes, regulations, and treaties
- § 8.9A-312. Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money; perfection by permissive filing, temporary perfection without filing or
- § 8.9A-313. When possession by or delivery to secured party perfects security interest without filing
- § 8.9A-314. Perfection by control
- § 8.9A-315. Secured party's rights on disposition of collateral and in proceeds
- § 8.9A-316. Effect of change in governing law
- § 8.9A-317. Interests that take priority over or take free of security interest or agricultural lien
- § 8.9A-318. No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers
- § 8.9A-319. Rights and title of consignee with respect to creditors and purchasers
- § 8.9A-320. Buyer of goods
- § 8.9A-321. Licensee of general intangible and lessee of goods in ordinary course of business
- § 8.9A-322. Priorities among conflicting security interests in and agricultural liens on same collateral
- § 8.9A-323. Future advances
- § 8.9A-324. Priority of purchase-money security interests
- § 8.9A-325. Priority of security interests in transferred collateral
- § 8.9A-326. Priority of security interests created by new debtor
- § 8.9A-327. Priority of security interests in deposit account
- § 8.9A-328. Priority of security interests in investment property
- § 8.9A-329. Priority of security interests in letter-of-credit right
- § 8.9A-330. Priority of purchaser of chattel paper or instrument
- § 8.9A-331. Priority of rights of purchasers of instruments, documents, and securities under other titles, priority of interests in financial assets and security entitlements under Title 8.8A
- § 8.9A-332. Transfer of money, transfer of funds from deposit account
- § 8.9A-333. Priority of certain liens arising by operation of law
- § 8.9A-334. Priority of security interests in fixtures and crops
- § 8.9A-335. Accessions
- § 8.9A-336. Commingled goods
- § 8.9A-337. Priority of security interests in goods covered by certificate of title
- § 8.9A-338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
- § 8.9A-339. Priority subject to subordination
- § 8.9A-340. Effectiveness of right of recoupment or set-off against deposit account
- § 8.9A-341. Bank's rights and duties with respect to deposit account
- § 8.9A-342. Bank's right to refuse to enter into or disclose existence of control agreement
- § 8.9A-401. Alienability of debtor's rights
- § 8.9A-402. Secured party not obligated on contract of debtor or in tort
- § 8.9A-403. Agreement not to assert defenses against assignee
- § 8.9A-404. Rights acquired by assignee; claims and defenses against assignee
- § 8.9A-405. Modification of assigned contract
- § 8.9A-406. Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective
- § 8.9A-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest
- § 8.9A-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective
- § 8.9A-409. Restrictions on assignment of letter-of-credit rights ineffective
Sub Part 1. FILING OFFICE, CONTENTS AND EFFECTIVENESS OF FINANCING STATEMENT
- § 8.9A-501. Filing office
- § 8.9A-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
- § 8.9A-503. Name of debtor and secured party
- § 8.9A-504. Indication of collateral
- § 8.9A-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions
- § 8.9A-506. Effect of errors or omissions
- § 8.9A-507. Effect of certain events on effectiveness of financing statement
- § 8.9A-508. Effectiveness of financing statement if new debtor becomes bound by security agreement
- § 8.9A-509. Persons entitled to file a record
- § 8.9A-510. Effectiveness of filed record
- § 8.9A-511. Secured party of record
- § 8.9A-512. Amendment of financing statement
- § 8.9A-513. Termination statement
- § 8.9A-514. Assignment of powers of secured party of record
- § 8.9A-515. Duration and effectiveness of financing statement; effect of lapsed financing statement
- § 8.9A-516. What constitutes filing; effectiveness of filing
- § 8.9A-517. Effect of indexing errors
- § 8.9A-518. Claim concerning inaccurate or wrongfully filed record
- § 8.9A-519. Numbering, maintaining, and indexing records; communicating information provided in records
- § 8.9A-520. Acceptance and refusal to accept record
- § 8.9A-521. Repealed
- § 8.9A-521.1. Format of statements and records
- § 8.9A-522. Maintenance and destruction of records
- § 8.9A-523. Information from filing office; sale or license of records
- § 8.9A-524. Delay by filing office
- § 8.9A-525. Fees
- § 8.9A-526. Promulgation of rules
- § 8.9A-527. Duty to report
Sub Part 1. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST
- § 8.9A-601. Rights after default; judicial enforcement, consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes
- § 8.9A-602. Waiver and variance of rights and duties
- § 8.9A-603. Agreement on standards concerning rights and duties
- § 8.9A-604. Procedure if security agreement covers real property or fixtures
- § 8.9A-605. Unknown debtor or secondary obligor
- § 8.9A-606. Time of default for agricultural lien
- § 8.9A-607. Collection and enforcement by secured party
- § 8.9A-608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
- § 8.9A-609. Secured party's right to take possession after default
- § 8.9A-610. Disposition of collateral after default
- § 8.9A-611. Notification before disposition of collateral
- § 8.9A-612. Timeliness of notification before disposition of collateral
- § 8.9A-613. Contents and form of notification before disposition of collateral; general
- § 8.9A-614. Contents and form of notification before disposition of collateral; consumer-goods transaction
- § 8.9A-615. Application of proceeds of disposition; liability for deficiency and right to surplus
- § 8.9A-616. Explanation of calculation of surplus or deficiency
- § 8.9A-617. Rights of transferee of collateral
- § 8.9A-618. Rights and duties of certain secondary obligors
- § 8.9A-619. Transfer of record or legal title
- § 8.9A-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
- § 8.9A-621. Notification of proposal to accept collateral
- § 8.9A-622. Effect of acceptance of collateral
- § 8.9A-623. Right to redeem collateral
- § 8.9A-624. Waiver
- § 8.9A-625. Remedies for secured party's failure to comply with title
- § 8.9A-626. Action in which deficiency or surplus is in issue
- § 8.9A-627. Determination of whether conduct was commercially reasonable
- § 8.9A-628. Nonliability and limitation on liability of secured party; liability of secondary obligor
- § 8.9A-701. Effective date
- § 8.9A-702. Savings clause
- § 8.9A-703. Security interest perfected before effective date
- § 8.9A-704. Security interest unperfected before effective date
- § 8.9A-705. Effectiveness of action taken before effective date
- § 8.9A-706. When initial financing statement suffices to continue effectiveness of financing statement
- § 8.9A-707. Amendment of preeffective-date financing statement
- § 8.9A-708. Persons entitled to file initial financing statement or continuation statement
- § 8.9A-709. Priority
- § 8.9A-801. Effective date of amendments
- § 8.9A-802. Savings clause
- § 8.9A-803. Security interest perfected before July 1, 2013
- § 8.9A-804. Security interest unperfected before July 1, 2013
- § 8.9A-805. Effectiveness of action taken before July 1, 2013
- § 8.9A-806. When initial financing statement suffices to continue effectiveness of financing statement
- § 8.9A-807. Amendment of pre-effective-date financing statement
- § 8.9A-808. Person entitled to file initial financing statement or continuation statement
- § 8.9A-809. Priority
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