§ 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
a. General rule; perfection by filing. Except as otherwise provided in subsection (b) and § 8.9A-312 (b), a financing statement must be filed to perfect all security interests and agricultural liens.
b. Exceptions; filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:
1. that is perfected under § 8.9A-308 (d), (e), (f), or (g);
2. that is perfected under § 8.9A-309 when it attaches;
3. in property subject to a statute, regulation, or treaty described in § 8.9A-311 (a);
4. in goods in possession of a bailee that is perfected under § 8.9A-312 (d) (1) or (2);
5. in certificated securities, documents, goods, or instruments that is perfected without filing, control, or possession under § 8.9A-312 (e), (f), or (g);
6. in collateral in the secured party’s possession under § 8.9A-313;
7. in a certificated security which is perfected by delivery of the security certificate to the secured party under § 8.9A-313;
8. in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property, or letter-of-credit rights which is perfected by control under § 8.9A-314; (8.1) in chattel paper which is perfected by possession and control under § 8.9A-314.1.
9. in proceeds which is perfected under § 8.9A-315; or
10. that is perfected under § 8.9A-316.
c. Assignment of perfected security interest. If a secured party assigns a perfected security interest or agricultural lien, a filing under this title is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.
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 8 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; in 2004, chapter 200; in 2024, chapter 652.
1964, c. 219, § 8.9-302; 1966, c. 569; 1973, c. 509; 1983, cc. 204, 367; 1984, c. 613; 1996, c. 216; 2000, c. 1007; 2004, c. 200; 2024, c. 652.