§ 8.13-303 Security interest unperfected before effective date
A security interest that is enforceable immediately before the effective date of this act but is unperfected at that time:
1. remains an enforceable security interest until the adjustment date;
2. remains enforceable thereafter if the security interest becomes enforceable under § 8.9A-203, as amended by this act, on the effective date of this act or before the adjustment date; and
A. without further action, on the effective date of this act if the requirements for perfection under this act are satisfied before or at that time; or
B. when the requirements for perfection are satisfied if the requirements are satisfied after that time.
History
This law was first created in 2024. The record of its establishment is cataloged in chapter 652 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.
2024, c. 652.