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Virginia Law

Code of Virginia

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Code of Virginia
Title 8.9A. Commercial Code — Secured Transactions
Part 1. General Provisions
Part 1. Short Title, Definitions and General Concepts
4/25/2025

§ 8.9A-107.1. (Effective July 1, 2025) Control of controllable electronic record, controllable account, or controllable payment intangible. (2024 updated section)

(a) Control under § 8.12-105. A secured party has control of a controllable electronic record as provided in § 8.12-105.

(b) Control of controllable account and controllable payment intangible. A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.

2024, c. 652.