Code of Virginia
Title 8.9A. Commercial Code — Secured Transactions
Title 8.9A. Commercial Code — Secured Transactions
7/6/2025
Title 8.9A. Commercial Code — Secured Transactions (2025 Updates)
- Part 1. General Provisions
- Part 1. Short Title, Definitions and General Concepts
- § 8.9A-102
- Definitions and index of definitions
- § 8.9A-104
- Control of deposit account
- § 8.9A-105
- Control of electronic copy of record evidencing chattel paper
- § 8.9A-105.1
- Control of electronic money
- § 8.9A-107.1
- Control of controllable electronic record, controllable account, or controllable payment intangible
- § 8.9A-107.2
- No requirement to acknowledge or confirm; no duties
- Part 2. Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement
- Part 1. Effectiveness and Attachment
- § 8.9A-203
- Attachment and enforceability of security interest; proceeds, supporting obligations; formal requisites
- § 8.9A-204
- After-acquired property; future advances
- Part 2. Rights and Duties
- § 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
- Part 3. Perfection and Priority
- Part 1. Law Governing Perfection and Priority
- § 8.9A-301
- Law governing perfection and priority of security interests
- § 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
- Part 2. Perfection
- § 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-312
- Perfection of security interests in chattel paper, controllable accounts, controllable electronic records, controllable payment intangibles, 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 transfer of possession
- § 8.9A-313
- When possession by or delivery to secured party perfects security interest without filing
- § 8.9A-314.1
- Perfection by possession and control of chattel paper
- § 8.9A-314
- Perfection by control
- § 8.9A-316
- Effect of change in governing law
- Part 3. Priority
- § 8.9A-317
- Interests that take priority over or take free of security interest or agricultural lien
- § 8.9A-323
- Future advances
- § 8.9A-324
- Priority of purchase-money security interests
- § 8.9A-326.1
- Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible
- § 8.9A-330
- Priority of purchaser of chattel paper or instrument
- § 8.9A-331
- Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments and securities under other titles, priority of interests in financial assets and security entitlements and protection against assertion of claims under Titles 8.8A and 8.12
- § 8.9A-332
- Transfer of money, transfer of funds from deposit account
- § 8.9A-334
- Priority of security interests in fixtures and crops
- Part 4. Rights of Bank
- § 8.9A-341
- Bank's rights and duties with respect to deposit account
- Part 4. Rights of Third Parties
- § 8.9A-404
- Rights acquired by assignee; claims and defenses against assignee
- § 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-408
- Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective
- Part 5. Filing
- Part 1. Filing Office, Contents and Effectiveness of Financing Statement
- § 8.9A-509
- Persons entitled to file a record
- § 8.9A-513
- Termination statement
- Part 6. Default
- 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-605
- Unknown debtor or secondary obligor
- § 8.9A-608
- Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
- § 8.9A-611
- 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-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-624
- Waiver
- Part 2. Noncompliance with Title
- § 8.9A-628
- Nonliability and limitation on liability of secured party; liability of secondary obligor
