{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.9A-322.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.9A-322.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.9A-322.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.9A-322.html"}],"law_id":61423,"edition_id":1,"section_id":61423,"structure_id":14251,"section_number":"8.9A-322","catch_line":"Priorities among conflicting security interests in and agricultural liens on same collateral","history":"Code 1950, \u00a7 43-27; 1964, c. 219, \u00a7 8.9-312; 1966, c. 557; 1973, c. 509; 1983, c. 204; 1984, c. 613; 1996, c. 216; 2000, c. 1007.","full_text":"a\n\nGeneral priority rules. Except as otherwise provided in this section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to the following rules:1\n\nConflicting perfected security interests and agricultural liens rank according to priority in time of filing or perfection. Priority dates from the earlier of the time a filing covering the collateral is first made or the security interest or agricultural lien is first perfected, if there is no period thereafter when there is neither filing nor perfection.2\n\nA perfected security interest or agricultural lien has priority over a conflicting unperfected security interest or agricultural lien.3\n\nThe first security interest or agricultural lien to attach or become effective has priority if conflicting security interests and agricultural liens are unperfected.b\n\nTime of perfection; proceeds and supporting obligations. For the purposes of subsection (a) (1):1\n\nthe time of filing or perfection as to a security interest in collateral is also the time of filing or perfection as to a security interest in proceeds; and2\n\nthe time of filing or perfection as to a security interest in collateral supported by a supporting obligation is also the time of filing or perfection as to a security interest in the supporting obligation.c\n\nSpecial priority rules: proceeds and supporting obligations. Except as otherwise provided in subsection (f), a security interest in collateral which qualifies for priority over a conflicting security interest under \u00a7\u00a7 8.9A-327, 8.9A-328, 8.9A-329, 8.9A-330 or \u00a7 8.9A-331 also has priority over a conflicting security interest in:1\n\nany supporting obligation for the collateral; and2\n\nproceeds of the collateral if:A\n\nthe security interest in proceeds is perfected;B\n\nthe proceeds are cash proceeds or of the same type as the collateral; andC\n\nin the case of proceeds that are proceeds of proceeds, all intervening proceeds are cash proceeds, proceeds of the same type as the collateral, or an account relating to the collateral.e\n\nApplicability of subsection (d). Subsection (d) applies only if the proceeds of the collateral are not cash proceeds, chattel paper, negotiable documents, instruments, investment property, or letter-of-credit rights.f\n\nLimitations on subsections (a) through (e). Subsections (a) through (e) are subject to:1\n\nsubsection (g) and the other provisions of this part;2\n\n§ 8.4-210 with respect to a security interest of a collecting bank;3\n\n§ 8.5A-118 with respect to a security interest of an issuer or nominated person; and4\n\n§ 8.9A-110 with respect to a security interest arising under Title 8.2 or Title 8.2A.g\n\nPriority under agricultural lien statute. A perfected agricultural lien on collateral has priority over a conflicting security interest in or agricultural lien on the same collateral if the statute creating the agricultural lien so provides.","order_by":null,"text":{"0":{"id":224359,"text":"General priority rules. Except as otherwise provided in this section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to the following rules:","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"a1"},"1":{"id":224360,"text":"Conflicting perfected security interests and agricultural liens rank according to priority in time of filing or perfection. Priority dates from the earlier of the time a filing covering the collateral is first made or the security interest or agricultural lien is first perfected, if there is no period thereafter when there is neither filing nor perfection.","type":"section","prefixes":["a","1"],"prefix":"1","entire_prefix":"a1","prefix_anchor":"a1","level":2,"prior_prefix":"a","next_prefix":"a2"},"2":{"id":224361,"text":"A perfected security interest or agricultural lien has priority over a conflicting unperfected security interest or agricultural lien.","type":"section","prefixes":["a","2"],"prefix":"2","entire_prefix":"a2","prefix_anchor":"a2","level":2,"prior_prefix":"a1","next_prefix":"a3"},"3":{"id":224362,"text":"The first security interest or agricultural lien to attach or become effective has priority if conflicting security interests and agricultural liens are unperfected.","type":"section","prefixes":["a","3"],"prefix":"3","entire_prefix":"a3","prefix_anchor":"a3","level":2,"prior_prefix":"a2","next_prefix":"b"},"4":{"id":224363,"text":"Time of perfection; proceeds and supporting obligations. For the purposes of subsection (a) (1):","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a3","next_prefix":"b1"},"5":{"id":224364,"text":"the time of filing or perfection as to a security interest in collateral is also the time of filing or perfection as to a security interest in proceeds; and","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b","next_prefix":"b2"},"6":{"id":224365,"text":"the time of filing or perfection as to a security interest in collateral supported by a supporting obligation is also the time of filing or perfection as to a security interest in the supporting obligation.","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1","next_prefix":"c"},"7":{"id":224366,"text":"Special priority rules: proceeds and supporting obligations. Except as otherwise provided in subsection (f), a security interest in collateral which qualifies for priority over a conflicting security interest under \u00a7\u00a7 8.9A-327, 8.9A-328, 8.9A-329, 8.9A-330 or \u00a7 8.9A-331 also has priority over a conflicting security interest in:","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b2","next_prefix":"c1"},"8":{"id":224367,"text":"any supporting obligation for the collateral; and","type":"section","prefixes":["c","1"],"prefix":"1","entire_prefix":"c1","prefix_anchor":"c1","level":2,"prior_prefix":"c","next_prefix":"c2"},"9":{"id":224368,"text":"proceeds of the collateral if:","type":"section","prefixes":["c","2"],"prefix":"2","entire_prefix":"c2","prefix_anchor":"c2","level":2,"prior_prefix":"c1","next_prefix":"A"},"10":{"id":224369,"text":"the security interest in proceeds is perfected;","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"prior_prefix":"c2","next_prefix":"B"},"11":{"id":224370,"text":"the proceeds are cash proceeds or of the same type as the collateral; and","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"12":{"id":224371,"text":"in the case of proceeds that are proceeds of proceeds, all intervening proceeds are cash proceeds, proceeds of the same type as the collateral, or an account relating to the collateral.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"e"},"13":{"id":224372,"text":"Applicability of subsection (d). Subsection (d) applies only if the proceeds of the collateral are not cash proceeds, chattel paper, negotiable documents, instruments, investment property, or letter-of-credit rights.","type":"section","prefixes":["e"],"prefix":"e","entire_prefix":"e","prefix_anchor":"e","level":1,"prior_prefix":"C","next_prefix":"f"},"14":{"id":224373,"text":"Limitations on subsections (a) through (e). Subsections (a) through (e) are subject to:","type":"section","prefixes":["f"],"prefix":"f","entire_prefix":"f","prefix_anchor":"f","level":1,"prior_prefix":"e","next_prefix":"f1"},"15":{"id":224374,"text":"subsection (g) and the other provisions of this part;","type":"section","prefixes":["f","1"],"prefix":"1","entire_prefix":"f1","prefix_anchor":"f1","level":2,"prior_prefix":"f","next_prefix":"f2"},"16":{"id":224375,"text":"§ 8.4-210 with respect to a security interest of a collecting bank;","type":"section","prefixes":["f","2"],"prefix":"2","entire_prefix":"f2","prefix_anchor":"f2","level":2,"prior_prefix":"f1","next_prefix":"f3"},"17":{"id":224376,"text":"§ 8.5A-118 with respect to a security interest of an issuer or nominated person; and","type":"section","prefixes":["f","3"],"prefix":"3","entire_prefix":"f3","prefix_anchor":"f3","level":2,"prior_prefix":"f2","next_prefix":"f4"},"18":{"id":224377,"text":"§ 8.9A-110 with respect to a security interest arising under Title 8.2 or Title 8.2A.","type":"section","prefixes":["f","4"],"prefix":"4","entire_prefix":"f4","prefix_anchor":"f4","level":2,"prior_prefix":"f3","next_prefix":"g"},"19":{"id":224378,"text":"Priority under agricultural lien statute. A perfected agricultural lien on collateral has priority over a conflicting security interest in or agricultural lien on the same collateral if the statute creating the agricultural lien so provides.","type":"section","prefixes":["g"],"prefix":"g","entire_prefix":"g","prefix_anchor":"g","level":1,"prior_prefix":"f4"}},"ancestry":[{"id":14251,"edition_id":1,"name":"Priority","identifier":"3","label":"subpart","depth":3,"order_by":1,"parent_id":13858,"metadata":{},"date_created":"2026-06-26 03:47:27","date_modified":"2026-06-26 03:47:27","permalink":{"id":284025,"object_type":"structure","relational_id":14251,"identifier":"3","token":"8.9A\/3\/3","url":"\/8.9A\/3\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13858,"edition_id":1,"name":"Perfection and Priority","identifier":"3","label":"part","depth":2,"order_by":1,"parent_id":13277,"metadata":{},"date_created":"2026-06-26 03:46:06","date_modified":"2026-06-26 03:46:06","permalink":{"id":283943,"object_type":"structure","relational_id":13858,"identifier":"3","token":"8.9A\/3","url":"\/8.9A\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13277,"edition_id":1,"name":"Commercial Code \u2014 Secured Transactions","identifier":"8.9A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:33","date_modified":"2026-06-26 03:44:33","permalink":{"id":283833,"object_type":"structure","relational_id":13277,"identifier":"8.9A","token":"8.9A","url":"\/8.9A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":62358,"structure_id":14251,"section_number":"8.9A-317","catch_line":"Interests that take priority over or take free of security interest or agricultural lien","url":"\/8.9A-317\/","token":"8.9A\/3\/3\/8.9A-317","metadata":false},{"id":78831,"structure_id":14251,"section_number":"8.9A-318","catch_line":"No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers","url":"\/8.9A-318\/","token":"8.9A\/3\/3\/8.9A-318","metadata":false},{"id":70155,"structure_id":14251,"section_number":"8.9A-319","catch_line":"Rights and title of consignee with respect to creditors and purchasers","url":"\/8.9A-319\/","token":"8.9A\/3\/3\/8.9A-319","metadata":false},{"id":62582,"structure_id":14251,"section_number":"8.9A-320","catch_line":"Buyer of goods","url":"\/8.9A-320\/","token":"8.9A\/3\/3\/8.9A-320","metadata":false},{"id":59162,"structure_id":14251,"section_number":"8.9A-321","catch_line":"Licensee of general intangible and lessee of goods in ordinary course of business","url":"\/8.9A-321\/","token":"8.9A\/3\/3\/8.9A-321","metadata":false},{"id":61423,"structure_id":14251,"section_number":"8.9A-322","catch_line":"Priorities among conflicting security interests in and agricultural liens on same collateral","url":"\/8.9A-322\/","token":"8.9A\/3\/3\/8.9A-322","metadata":false},{"id":65781,"structure_id":14251,"section_number":"8.9A-323","catch_line":"Future advances","url":"\/8.9A-323\/","token":"8.9A\/3\/3\/8.9A-323","metadata":false},{"id":72557,"structure_id":14251,"section_number":"8.9A-324","catch_line":"Priority of purchase-money security interests","url":"\/8.9A-324\/","token":"8.9A\/3\/3\/8.9A-324","metadata":false},{"id":61420,"structure_id":14251,"section_number":"8.9A-325","catch_line":"Priority of security interests in transferred collateral","url":"\/8.9A-325\/","token":"8.9A\/3\/3\/8.9A-325","metadata":false},{"id":62923,"structure_id":14251,"section_number":"8.9A-326","catch_line":"Priority of security interests created by new debtor","url":"\/8.9A-326\/","token":"8.9A\/3\/3\/8.9A-326","metadata":false},{"id":66791,"structure_id":14251,"section_number":"8.9A-326.1","catch_line":"Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible","url":"\/8.9A-326.1\/","token":"8.9A\/3\/3\/8.9A-326.1","metadata":false},{"id":71092,"structure_id":14251,"section_number":"8.9A-327","catch_line":"Priority of security interests in deposit account","url":"\/8.9A-327\/","token":"8.9A\/3\/3\/8.9A-327","metadata":false},{"id":71019,"structure_id":14251,"section_number":"8.9A-328","catch_line":"Priority of security interests in investment property","url":"\/8.9A-328\/","token":"8.9A\/3\/3\/8.9A-328","metadata":false},{"id":66602,"structure_id":14251,"section_number":"8.9A-329","catch_line":"Priority of security interests in letter-of-credit right","url":"\/8.9A-329\/","token":"8.9A\/3\/3\/8.9A-329","metadata":false},{"id":62875,"structure_id":14251,"section_number":"8.9A-330","catch_line":"Priority of purchaser of chattel paper or instrument","url":"\/8.9A-330\/","token":"8.9A\/3\/3\/8.9A-330","metadata":false},{"id":66143,"structure_id":14251,"section_number":"8.9A-331","catch_line":"Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments and securities under other titles, priority of interests in financial assets and security entitlements and protection against assertion of claims under Titles 8.8A and 8.12","url":"\/8.9A-331\/","token":"8.9A\/3\/3\/8.9A-331","metadata":false},{"id":59890,"structure_id":14251,"section_number":"8.9A-332","catch_line":"Transfer of money, transfer of funds from deposit account","url":"\/8.9A-332\/","token":"8.9A\/3\/3\/8.9A-332","metadata":false},{"id":79779,"structure_id":14251,"section_number":"8.9A-333","catch_line":"Priority of certain liens arising by operation of law","url":"\/8.9A-333\/","token":"8.9A\/3\/3\/8.9A-333","metadata":false},{"id":71252,"structure_id":14251,"section_number":"8.9A-334","catch_line":"Priority of security interests in fixtures and crops","url":"\/8.9A-334\/","token":"8.9A\/3\/3\/8.9A-334","metadata":false},{"id":66095,"structure_id":14251,"section_number":"8.9A-335","catch_line":"Accessions","url":"\/8.9A-335\/","token":"8.9A\/3\/3\/8.9A-335","metadata":false},{"id":80265,"structure_id":14251,"section_number":"8.9A-336","catch_line":"Commingled goods","url":"\/8.9A-336\/","token":"8.9A\/3\/3\/8.9A-336","metadata":false},{"id":55482,"structure_id":14251,"section_number":"8.9A-337","catch_line":"Priority of security interests in goods covered by certificate of title","url":"\/8.9A-337\/","token":"8.9A\/3\/3\/8.9A-337","metadata":false},{"id":72213,"structure_id":14251,"section_number":"8.9A-338","catch_line":"Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information","url":"\/8.9A-338\/","token":"8.9A\/3\/3\/8.9A-338","metadata":false},{"id":61256,"structure_id":14251,"section_number":"8.9A-339","catch_line":"Priority subject to subordination","url":"\/8.9A-339\/","token":"8.9A\/3\/3\/8.9A-339","metadata":false}],"previous_section":{"id":59162,"structure_id":14251,"section_number":"8.9A-321","catch_line":"Licensee of general intangible and lessee of goods in ordinary course of business","url":"\/8.9A-321\/","token":"8.9A\/3\/3\/8.9A-321","metadata":false},"next_section":{"id":65781,"structure_id":14251,"section_number":"8.9A-323","catch_line":"Future advances","url":"\/8.9A-323\/","token":"8.9A\/3\/3\/8.9A-323","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-322\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 7 times. 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. Those modifications are as follows: in 1964, chapter 219; in 1966, chapter 557; in 1973, chapter 509; in 1983, chapter 204; in 1984, chapter 613; in 1996, chapter 216<\/a>; in 2000, chapter 1007<\/a>.<\/p>","references":[{"id":59732,"section_number":"8.9A-109","catch_line":"Scope","order_by":null,"url":"\/8.9A-109\/"},{"id":62358,"section_number":"8.9A-317","catch_line":"Interests that take priority over or take free of security interest or agricultural lien","order_by":null,"url":"\/8.9A-317\/"},{"id":65781,"section_number":"8.9A-323","catch_line":"Future advances","order_by":null,"url":"\/8.9A-323\/"},{"id":72557,"section_number":"8.9A-324","catch_line":"Priority of purchase-money security interests","order_by":null,"url":"\/8.9A-324\/"},{"id":61420,"section_number":"8.9A-325","catch_line":"Priority of security interests in transferred collateral","order_by":null,"url":"\/8.9A-325\/"},{"id":71019,"section_number":"8.9A-328","catch_line":"Priority of security interests in investment property","order_by":null,"url":"\/8.9A-328\/"},{"id":62875,"section_number":"8.9A-330","catch_line":"Priority of purchaser of chattel paper or instrument","order_by":null,"url":"\/8.9A-330\/"}],"refers_to":[{"id":64339,"section_number":"8.4-210","catch_line":"Presentment by notice of item not payable by, through or at a bank; liability of drawer or endorser","order_by":null,"url":"\/8.4-210\/"},{"id":65323,"section_number":"8.5A-118","catch_line":"Applicability","order_by":null,"url":"\/8.5A-118\/"},{"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":71092,"section_number":"8.9A-327","catch_line":"Priority of security interests in deposit account","order_by":null,"url":"\/8.9A-327\/"},{"id":71019,"section_number":"8.9A-328","catch_line":"Priority of security interests in investment property","order_by":null,"url":"\/8.9A-328\/"},{"id":66602,"section_number":"8.9A-329","catch_line":"Priority of security interests in letter-of-credit right","order_by":null,"url":"\/8.9A-329\/"},{"id":62875,"section_number":"8.9A-330","catch_line":"Priority of purchaser of chattel paper or instrument","order_by":null,"url":"\/8.9A-330\/"},{"id":66143,"section_number":"8.9A-331","catch_line":"Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments and securities under other titles, priority of interests in financial assets and security entitlements and protection against assertion of claims under Titles 8.8A and 8.12","order_by":null,"url":"\/8.9A-331\/"}],"permalink":{"id":284047,"object_type":"law","relational_id":61423,"identifier":"8.9A-322","token":"8.9A\/3\/3\/8.9A-322","url":"\/8.9A-322\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.9A-322\/","token":"8.9A\/3\/3\/8.9A-322","dublin_core":{"Title":"Priorities among conflicting security interests in and agricultural liens on same collateral","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-322","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> General priority rules. Except as otherwise provided in this section, priority among conflicting security interests and agricultural liens<\/span> in the same collateral<\/span> is determined according to the following rules: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Conflicting perfected security interests and agricultural liens<\/span> rank according to priority in time of filing or perfection. Priority dates from the earlier of the time a filing covering the collateral<\/span> is first made or the security interest or agricultural lien<\/span> is first perfected, if there is no period thereafter when there is neither filing nor perfection. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A perfected security interest or agricultural lien<\/span> has priority over a conflicting unperfected security interest or agricultural lien<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The first security interest or agricultural lien<\/span> to attach or become effective has priority if conflicting security interests and agricultural liens<\/span> are unperfected. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Time of perfection; proceeds and supporting obligations. For the purposes of subsection (a) (1): <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> the time of filing or perfection as to a security interest in collateral<\/span> is also the time of filing or perfection as to a security interest in proceeds; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> the time of filing or perfection as to a security interest in collateral<\/span> supported by a supporting obligation is also the time of filing or perfection as to a security interest in the supporting obligation. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> Special priority rules: proceeds and supporting obligations. Except as otherwise provided in subsection (f), a security interest in collateral<\/span> which qualifies for priority over a conflicting security interest under \u00a7\u00a7 8.9A-327<\/a>, 8.9A-328<\/a>, 8.9A-329<\/a>, 8.9A-330<\/a> or \u00a7 8.9A-331<\/a> also has priority over a conflicting security interest in: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> any supporting obligation for the collateral<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> proceeds of the collateral<\/span> if: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

A.<\/span> the security interest in proceeds is perfected; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> the proceeds are cash proceeds or of the same type as the collateral<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> in the case of proceeds that are proceeds of proceeds, all intervening proceeds are cash proceeds, proceeds of the same type as the collateral<\/span>, or an account relating to the collateral<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

e.<\/span> Applicability of subsection (d). Subsection (d) applies only if the proceeds of the collateral<\/span> are not cash proceeds, chattel paper, negotiable documents, instruments, investment property, or letter-of-credit rights. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

f.<\/span> Limitations on subsections (a) through (e). Subsections (a) through (e) are subject to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> subsection (g) and the other provisions of this part; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> § 8.4-210<\/a> with respect to a security interest of a collecting bank; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> § 8.5A-118<\/a> with respect to a security interest of an issuer or nominated person; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> § 8.9A-110<\/a> with respect to a security interest arising under Title 8.2 or Title 8.2A. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

g.<\/span> Priority under agricultural lien<\/span> statute<\/span>. A perfected agricultural lien<\/span> on collateral<\/span> has priority over a conflicting security interest in or agricultural lien<\/span> on the same collateral<\/span> if the statute<\/span> creating the agricultural lien<\/span> so provides. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPRIORITIES AMONG CONFLICTING SECURITY INTERESTS IN AND AGRICULTURAL LIENS ON\nSAME COLLATERAL (\u00a7 8.9A-322)\n\na. General priority rules. Except as otherwise provided in this section,\npriority among conflicting security interests and agricultural liens in the same\ncollateral is determined according to the following rules:\n\n 1. Conflicting perfected security interests and agricultural liens rank\n according to priority in time of filing or perfection. Priority dates from the\n earlier of the time a filing covering the collateral is first made or the\n security interest or agricultural lien is first perfected, if there is no\n period thereafter when there is neither filing nor perfection.\n\n 2. A perfected security interest or agricultural lien has priority over a\n conflicting unperfected security interest or agricultural lien.\n\n 3. The first security interest or agricultural lien to attach or become\n effective has priority if conflicting security interests and agricultural\n liens are unperfected.\n\nb. Time of perfection; proceeds and supporting obligations. For the purposes of\nsubsection (a) (1):\n\n 1. the time of filing or perfection as to a security interest in collateral is\n also the time of filing or perfection as to a security interest in proceeds;\n and\n\n 2. the time of filing or perfection as to a security interest in collateral\n supported by a supporting obligation is also the time of filing or perfection\n as to a security interest in the supporting obligation.\n\nc. Special priority rules: proceeds and supporting obligations. Except as\notherwise provided in subsection (f), a security interest in collateral which\nqualifies for priority over a conflicting security interest under \u00a7\u00a7 8.9A-327,\n8.9A-328, 8.9A-329, 8.9A-330 or \u00a7 8.9A-331 also has priority over a conflicting\nsecurity interest in:\n\n 1. any supporting obligation for the collateral; and\n\n 2. proceeds of the collateral if:\n\nA. the security interest in proceeds is perfected;\n\nB. the proceeds are cash proceeds or of the same type as the collateral; and\n\nC. in the case of proceeds that are proceeds of proceeds, all intervening\nproceeds are cash proceeds, proceeds of the same type as the collateral, or an\naccount relating to the collateral.\n\ne. Applicability of subsection (d). Subsection (d) applies only if the proceeds\nof the collateral are not cash proceeds, chattel paper, negotiable documents,\ninstruments, investment property, or letter-of-credit rights.\n\nf. Limitations on subsections (a) through (e). Subsections (a) through (e) are\nsubject to:\n\n 1. subsection (g) and the other provisions of this part;\n\n 2. § 8.4-210 with respect to a security interest of a collecting bank;\n\n 3. § 8.5A-118 with respect to a security interest of an issuer or\n nominated person; and\n\n 4. § 8.9A-110 with respect to a security interest arising under Title 8.2\n or Title 8.2A.\n\ng. Priority under agricultural lien statute. A perfected agricultural lien on\ncollateral has priority over a conflicting security interest in or agricultural\nlien on the same collateral if the statute creating the agricultural lien so\nprovides.\n\nHISTORY: Code 1950, \u00a7 43-27; 1964, c. 219, \u00a7 8.9-312; 1966, c. 557; 1973, c.\n509; 1983, c. 204; 1984, c. 613; 1996, c. 216; 2000, c. 1007.","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}}