{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.2-505.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.2-505.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.2-505.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.2-505.html"}],"law_id":65205,"edition_id":1,"section_id":65205,"structure_id":15140,"section_number":"8.2-505","catch_line":"Seller’s shipment under reservation","history":"1964, c. 219; 2004, c. 200.","full_text":"1\n\nWhere the seller has identified goods to the contract by or before shipment:a\n\nhis procurement of a negotiable bill of lading to his own order or otherwise reserves in him a security interest in the goods. His procurement of the bill to the order of a financing agency or of the buyer indicates in addition only the seller’s expectation of transferring that interest to the person named.b\n\na nonnegotiable bill of lading to himself or his nominee reserves possession of the goods as security but except in a case of conditional delivery (subsection (2) of § 8.2-507) a nonnegotiable bill of lading naming the buyer as consignee reserves no security interest even though the seller retains possession or control of the bill of lading.2\n\nWhen shipment by the seller with reservation of a security interest is in violation of the contract for sale it constitutes an improper contract for transportation within the preceding section [ § 8.2-504 ] but impairs neither the rights given to the buyer by shipment and identification of the goods to the contract nor the seller’s powers as a holder of a negotiable document of title.","order_by":null,"text":{"0":{"id":237139,"text":"Where the seller has identified goods to the contract by or before shipment:","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"next_prefix":"1a"},"1":{"id":237140,"text":"his procurement of a negotiable bill of lading to his own order or otherwise reserves in him a security interest in the goods. His procurement of the bill to the order of a financing agency or of the buyer indicates in addition only the seller’s expectation of transferring that interest to the person named.","type":"section","prefixes":["1","a"],"prefix":"a","entire_prefix":"1a","prefix_anchor":"1a","level":2,"prior_prefix":"1","next_prefix":"1b"},"2":{"id":237141,"text":"a nonnegotiable bill of lading to himself or his nominee reserves possession of the goods as security but except in a case of conditional delivery (subsection (2) of § 8.2-507) a nonnegotiable bill of lading naming the buyer as consignee reserves no security interest even though the seller retains possession or control of the bill of lading.","type":"section","prefixes":["1","b"],"prefix":"b","entire_prefix":"1b","prefix_anchor":"1b","level":2,"prior_prefix":"1a","next_prefix":"2"},"3":{"id":237142,"text":"When shipment by the seller with reservation of a security interest is in violation of the contract for sale it constitutes an improper contract for transportation within the preceding section [ § 8.2-504 ] but impairs neither the rights given to the buyer by shipment and identification of the goods to the contract nor the seller’s powers as a holder of a negotiable document of title.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1b"}},"ancestry":[{"id":15140,"edition_id":1,"name":"Performance","identifier":"5","label":"part","depth":2,"order_by":1,"parent_id":13346,"metadata":{},"date_created":"2026-06-26 03:52:28","date_modified":"2026-06-26 03:52:28","permalink":{"id":282137,"object_type":"structure","relational_id":15140,"identifier":"5","token":"8.2\/5","url":"\/8.2\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13346,"edition_id":1,"name":"Commercial Code - Sales","identifier":"8.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":281931,"object_type":"structure","relational_id":13346,"identifier":"8.2","token":"8.2","url":"\/8.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":87157,"structure_id":15140,"section_number":"8.2-501","catch_line":"Insurable interest in goods; manner of identification of goods","url":"\/8.2-501\/","token":"8.2\/5\/8.2-501","metadata":false},{"id":73361,"structure_id":15140,"section_number":"8.2-502","catch_line":"Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency","url":"\/8.2-502\/","token":"8.2\/5\/8.2-502","metadata":false},{"id":67744,"structure_id":15140,"section_number":"8.2-503","catch_line":"Manner of seller's tender of delivery","url":"\/8.2-503\/","token":"8.2\/5\/8.2-503","metadata":false},{"id":74031,"structure_id":15140,"section_number":"8.2-504","catch_line":"Shipment by seller","url":"\/8.2-504\/","token":"8.2\/5\/8.2-504","metadata":false},{"id":65205,"structure_id":15140,"section_number":"8.2-505","catch_line":"Seller's shipment under reservation","url":"\/8.2-505\/","token":"8.2\/5\/8.2-505","metadata":false},{"id":62064,"structure_id":15140,"section_number":"8.2-506","catch_line":"Rights of financing agency","url":"\/8.2-506\/","token":"8.2\/5\/8.2-506","metadata":false},{"id":72758,"structure_id":15140,"section_number":"8.2-507","catch_line":"Effect of seller's tender; delivery on condition","url":"\/8.2-507\/","token":"8.2\/5\/8.2-507","metadata":false},{"id":76776,"structure_id":15140,"section_number":"8.2-508","catch_line":"Cure by seller of improper tender or delivery; replacement","url":"\/8.2-508\/","token":"8.2\/5\/8.2-508","metadata":false},{"id":61950,"structure_id":15140,"section_number":"8.2-509","catch_line":"Risk of loss in the absence of breach","url":"\/8.2-509\/","token":"8.2\/5\/8.2-509","metadata":false},{"id":66339,"structure_id":15140,"section_number":"8.2-510","catch_line":"Effect of breach on risk of loss","url":"\/8.2-510\/","token":"8.2\/5\/8.2-510","metadata":false},{"id":75601,"structure_id":15140,"section_number":"8.2-511","catch_line":"Tender of payment by buyer; payment by check","url":"\/8.2-511\/","token":"8.2\/5\/8.2-511","metadata":false},{"id":76210,"structure_id":15140,"section_number":"8.2-512","catch_line":"Payment by buyer before inspection","url":"\/8.2-512\/","token":"8.2\/5\/8.2-512","metadata":false},{"id":66030,"structure_id":15140,"section_number":"8.2-513","catch_line":"Buyer's right to inspection of goods","url":"\/8.2-513\/","token":"8.2\/5\/8.2-513","metadata":false},{"id":57680,"structure_id":15140,"section_number":"8.2-514","catch_line":"When documents deliverable on acceptance; when on payment","url":"\/8.2-514\/","token":"8.2\/5\/8.2-514","metadata":false},{"id":79187,"structure_id":15140,"section_number":"8.2-515","catch_line":"Preserving evidence of goods in dispute","url":"\/8.2-515\/","token":"8.2\/5\/8.2-515","metadata":false}],"previous_section":{"id":74031,"structure_id":15140,"section_number":"8.2-504","catch_line":"Shipment by seller","url":"\/8.2-504\/","token":"8.2\/5\/8.2-504","metadata":false},"next_section":{"id":62064,"structure_id":15140,"section_number":"8.2-506","catch_line":"Rights of financing agency","url":"\/8.2-506\/","token":"8.2\/5\/8.2-506","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.2-505\/","history_text":"

This law was first created in 1964. The record of its establishment is cataloged in chapter 219 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2004, chapter 200<\/a>.<\/p>","references":[{"id":72201,"section_number":"29.1-733.15","catch_line":"Perfection of security interest","order_by":null,"url":"\/29.1-733.15\/"},{"id":76938,"section_number":"29.1-733.2","catch_line":"Definitions","order_by":null,"url":"\/29.1-733.2\/"},{"id":78062,"section_number":"8.1A-201","catch_line":"General definitions","order_by":null,"url":"\/8.1A-201\/"},{"id":61950,"section_number":"8.2-509","catch_line":"Risk of loss in the absence of breach","order_by":null,"url":"\/8.2-509\/"},{"id":58431,"section_number":"8.9A-102","catch_line":"Definitions and index of definitions","order_by":null,"url":"\/8.9A-102\/"},{"id":59732,"section_number":"8.9A-109","catch_line":"Scope","order_by":null,"url":"\/8.9A-109\/"},{"id":83703,"section_number":"8.9A-110","catch_line":"Security interests arising under Title 8.2 or Title 8.2A","order_by":null,"url":"\/8.9A-110\/"},{"id":71502,"section_number":"8.9A-309","catch_line":"Security interest perfected upon attachment","order_by":null,"url":"\/8.9A-309\/"}],"refers_to":[{"id":74031,"section_number":"8.2-504","catch_line":"Shipment by seller","order_by":null,"url":"\/8.2-504\/"},{"id":72758,"section_number":"8.2-507","catch_line":"Effect of seller's tender; delivery on condition","order_by":null,"url":"\/8.2-507\/"}],"permalink":{"id":282155,"object_type":"law","relational_id":65205,"identifier":"8.2-505","token":"8.2\/5\/8.2-505","url":"\/8.2-505\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.2-505\/","token":"8.2\/5\/8.2-505","dublin_core":{"Title":"Seller’s shipment under reservation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.2-505","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

1.<\/span> Where the seller has identified goods to the contract<\/span> by or before shipment: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

a.<\/span> his procurement of a negotiable bill of lading to his own order<\/span> or otherwise reserves in him a security interest in the goods. His procurement of the bill to the order<\/span> of a financing agency or of the buyer indicates in addition only the seller’s expectation of transferring that interest to the person named. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> a nonnegotiable bill of lading to himself or his nominee reserves possession<\/span> of the goods as security but except in a case of conditional delivery (subsection (2) of § 8.2-507<\/a>) a nonnegotiable bill of lading naming the buyer as consignee reserves no security interest even though the seller retains possession<\/span> or control of the bill of lading. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> When shipment by the seller with reservation of a security interest is in violation of the contract<\/span> for sale it constitutes an improper contract<\/span> for transportation within the preceding section [ § 8.2-504<\/a> ] but impairs neither the rights given to the buyer by shipment and identification of the goods to the contract<\/span> nor the seller’s powers as a holder of a negotiable document of title. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSELLER’S SHIPMENT UNDER RESERVATION (\u00a7 8.2-505)\n\n1. Where the seller has identified goods to the contract by or before shipment:\n\n a. his procurement of a negotiable bill of lading to his own order or\n otherwise reserves in him a security interest in the goods. His procurement of\n the bill to the order of a financing agency or of the buyer indicates in\n addition only the seller’s expectation of transferring that interest to\n the person named.\n\n b. a nonnegotiable bill of lading to himself or his nominee reserves\n possession of the goods as security but except in a case of conditional\n delivery (subsection (2) of § 8.2-507) a nonnegotiable bill of lading\n naming the buyer as consignee reserves no security interest even though the\n seller retains possession or control of the bill of lading.\n\n2. When shipment by the seller with reservation of a security interest is in\nviolation of the contract for sale it constitutes an improper contract for\ntransportation within the preceding section [ § 8.2-504 ] but impairs\nneither the rights given to the buyer by shipment and identification of the\ngoods to the contract nor the seller’s powers as a holder of a negotiable\ndocument of title.\n\nHISTORY: 1964, c. 219; 2004, c. 200.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}