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Virginia Law

Code of Virginia

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Code of Virginia
Title 8.9A. Commercial Code — Secured Transactions
Part 3. Perfection and Priority
Part 3. Priority
11/16/2024

§ 8.9A-326.1. (Effective July 1, 2025) Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible.

A security interest in a controllable account, controllable electronic record, or controllable payment intangible held by a secured party having control of the account, electronic record, or payment intangible has priority over a conflicting security interest held by a secured party that does not have control.

2024, c. 652.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.