§ 8.9A-110 Security interests arising under Title 8.2 or Title 8.2A
A security interest arising under §§ 8.2-401, 8.2-505, 8.2-711 (3), or § 8.2A-508 (5) is subject to this title. However, until the debtor obtains possession of the goods:
1. the security interest is enforceable, even if subdivision (b) (3) of § 8.9A-203 has not been satisfied;
3. the rights of the secured party after default by the debtor are governed by Title 8.2 or Title 8.2A; and
4. the security interest has priority over a conflicting security interest created by the 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 2 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 1991, chapter 536; in 2000, chapter 1007.
1964, c. 219, § 8.9-113; 1991, c. 536; 2000, c. 1007.