§ 8.9A-309 Security interest perfected upon attachment
The following security interests are perfected when they attach:
1. a purchase-money security interest in consumer goods, except as otherwise provided in § 8.9A-311 (b) with respect to consumer goods that are subject to a statute or treaty described in § 8.9A-311 (a);
2. an assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles;
5. a security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;
6. a security interest arising under §§ 8.2-401, 8.2-505, 8.2-711 (3), or § 8.2A-508 (5), until the debtor obtains possession of the collateral;
7. a security interest of a collecting bank arising under § 8.4-210;
8. a security interest of an issuer or nominated person arising under § 8.5A-118;
9. a security interest arising in the delivery of a financial asset under § 8.9A-206 (c);
10. a security interest in investment property created by a broker or securities intermediary;
11. a security interest in a commodity contract or a commodity account created by a commodity intermediary;
12. an assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and
13. a security interest created by an assignment of a beneficial interest in a decedent’s estate.
History
This law was first created in 1964. The record of its establishment is cataloged in chapter 219 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 “Acts” aren’t available online. It has been modified 6 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 569; in 1973, chapter 509; in 1983, chapters 204 and 367; in 1984, chapter 613; in 1996, chapter 216; in 2000, chapter 1007.
1964, c. 219, § 8.9-302; 1966, c. 569; 1973, c. 509; 1983, cc. 204, 367; 1984, c. 613; 1996, c. 216, §§ 8.9-115, 8.9-116; 2000, c. 1007.