{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.9A-507.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.9A-507.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.9A-507.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.9A-507.html"}],"law_id":65503,"edition_id":1,"section_id":65503,"structure_id":13861,"section_number":"8.9A-507","catch_line":"Effect of certain events on effectiveness of financing statement","history":"1964, c. 219, \u00a7 8.9-402; 1966, c. 649; 1973, c. 509; 1976, c. 536; 1977, c. 539; 1978, cc. 284, 285; 1982, c. 652; 1999, c. 96; 2000, c. 1007; 2012, c. 155.","full_text":"a\n\nDisposition. A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.b\n\nInformation becoming seriously misleading. Except as otherwise provided in subsection (c) and § 8.9A-508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under § 8.9A-506.c\n\nChange in debtor’s name. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under \u00a7 8.9A-503(a) so that the financing statement becomes seriously misleading under \u00a7 8.9A-506:1\n\nthe financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within four months after, the filed financing statement becomes seriously misleading; and2\n\nthe financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than four months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within four months after that event.","order_by":null,"text":{"0":{"id":238133,"text":"Disposition. A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":238134,"text":"Information becoming seriously misleading. Except as otherwise provided in subsection (c) and § 8.9A-508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under § 8.9A-506.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a","next_prefix":"c"},"2":{"id":238135,"text":"Change in debtor’s name. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under \u00a7 8.9A-503(a) so that the financing statement becomes seriously misleading under \u00a7 8.9A-506:","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b","next_prefix":"c1"},"3":{"id":238136,"text":"the financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within four months after, the filed financing statement becomes seriously misleading; and","type":"section","prefixes":["c","1"],"prefix":"1","entire_prefix":"c1","prefix_anchor":"c1","level":2,"prior_prefix":"c","next_prefix":"c2"},"4":{"id":238137,"text":"the financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than four months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within four months after that event.","type":"section","prefixes":["c","2"],"prefix":"2","entire_prefix":"c2","prefix_anchor":"c2","level":2,"prior_prefix":"c1"}},"ancestry":[{"id":13861,"edition_id":1,"name":"Filing Office, Contents and Effectiveness of Financing Statement","identifier":"1","label":"subpart","depth":3,"order_by":1,"parent_id":13860,"metadata":{},"date_created":"2026-06-26 03:46:06","date_modified":"2026-06-26 03:46:06","permalink":{"id":284177,"object_type":"structure","relational_id":13861,"identifier":"1","token":"8.9A\/5\/1","url":"\/8.9A\/5\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13860,"edition_id":1,"name":"Filing","identifier":"5","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":284175,"object_type":"structure","relational_id":13860,"identifier":"5","token":"8.9A\/5","url":"\/8.9A\/5\/","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":72400,"structure_id":13861,"section_number":"8.9A-501","catch_line":"Filing office","url":"\/8.9A-501\/","token":"8.9A\/5\/1\/8.9A-501","metadata":false},{"id":70542,"structure_id":13861,"section_number":"8.9A-502","catch_line":"Contents of financing statement; record of mortgage as financing statement; time of filing financing statement","url":"\/8.9A-502\/","token":"8.9A\/5\/1\/8.9A-502","metadata":false},{"id":81477,"structure_id":13861,"section_number":"8.9A-503","catch_line":"Name of debtor and secured party","url":"\/8.9A-503\/","token":"8.9A\/5\/1\/8.9A-503","metadata":false},{"id":54883,"structure_id":13861,"section_number":"8.9A-504","catch_line":"Indication of collateral","url":"\/8.9A-504\/","token":"8.9A\/5\/1\/8.9A-504","metadata":false},{"id":56694,"structure_id":13861,"section_number":"8.9A-505","catch_line":"Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions","url":"\/8.9A-505\/","token":"8.9A\/5\/1\/8.9A-505","metadata":false},{"id":61527,"structure_id":13861,"section_number":"8.9A-506","catch_line":"Effect of errors or omissions","url":"\/8.9A-506\/","token":"8.9A\/5\/1\/8.9A-506","metadata":false},{"id":65503,"structure_id":13861,"section_number":"8.9A-507","catch_line":"Effect of certain events on effectiveness of financing statement","url":"\/8.9A-507\/","token":"8.9A\/5\/1\/8.9A-507","metadata":false},{"id":83849,"structure_id":13861,"section_number":"8.9A-508","catch_line":"Effectiveness of financing statement if new debtor becomes bound by security agreement","url":"\/8.9A-508\/","token":"8.9A\/5\/1\/8.9A-508","metadata":false},{"id":86245,"structure_id":13861,"section_number":"8.9A-509","catch_line":"Persons entitled to file a record","url":"\/8.9A-509\/","token":"8.9A\/5\/1\/8.9A-509","metadata":false},{"id":84909,"structure_id":13861,"section_number":"8.9A-510","catch_line":"Effectiveness of filed record","url":"\/8.9A-510\/","token":"8.9A\/5\/1\/8.9A-510","metadata":false},{"id":77842,"structure_id":13861,"section_number":"8.9A-511","catch_line":"Secured party of record","url":"\/8.9A-511\/","token":"8.9A\/5\/1\/8.9A-511","metadata":false},{"id":87008,"structure_id":13861,"section_number":"8.9A-512","catch_line":"Amendment of financing statement","url":"\/8.9A-512\/","token":"8.9A\/5\/1\/8.9A-512","metadata":false},{"id":65185,"structure_id":13861,"section_number":"8.9A-513","catch_line":"Termination statement","url":"\/8.9A-513\/","token":"8.9A\/5\/1\/8.9A-513","metadata":false},{"id":59675,"structure_id":13861,"section_number":"8.9A-514","catch_line":"Assignment of powers of secured party of record","url":"\/8.9A-514\/","token":"8.9A\/5\/1\/8.9A-514","metadata":false},{"id":70878,"structure_id":13861,"section_number":"8.9A-515","catch_line":"Duration and effectiveness of financing statement; effect of lapsed financing statement","url":"\/8.9A-515\/","token":"8.9A\/5\/1\/8.9A-515","metadata":false},{"id":85389,"structure_id":13861,"section_number":"8.9A-516","catch_line":"What constitutes filing; effectiveness of filing","url":"\/8.9A-516\/","token":"8.9A\/5\/1\/8.9A-516","metadata":false},{"id":61963,"structure_id":13861,"section_number":"8.9A-517","catch_line":"Effect of indexing errors","url":"\/8.9A-517\/","token":"8.9A\/5\/1\/8.9A-517","metadata":false},{"id":64795,"structure_id":13861,"section_number":"8.9A-518","catch_line":"Claim concerning inaccurate or wrongfully filed record","url":"\/8.9A-518\/","token":"8.9A\/5\/1\/8.9A-518","metadata":false}],"previous_section":{"id":61527,"structure_id":13861,"section_number":"8.9A-506","catch_line":"Effect of errors or omissions","url":"\/8.9A-506\/","token":"8.9A\/5\/1\/8.9A-506","metadata":false},"next_section":{"id":83849,"structure_id":13861,"section_number":"8.9A-508","catch_line":"Effectiveness of financing statement if new debtor becomes bound by security agreement","url":"\/8.9A-508\/","token":"8.9A\/5\/1\/8.9A-508","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-507\/","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 9 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 1966, chapter 649; in 1973, chapter 509; in 1976, chapter 536; in 1977, chapter 539; in 1978, chapters 284 and 285; in 1982, chapter 652; in 1999, chapter 96<\/a>; in 2000, chapter 1007<\/a>; in 2012, chapter 155<\/a>.<\/p>","references":[{"id":83849,"section_number":"8.9A-508","catch_line":"Effectiveness of financing statement if new debtor becomes bound by security agreement","order_by":null,"url":"\/8.9A-508\/"}],"refers_to":[{"id":81477,"section_number":"8.9A-503","catch_line":"Name of debtor and secured party","order_by":null,"url":"\/8.9A-503\/"},{"id":83849,"section_number":"8.9A-508","catch_line":"Effectiveness of financing statement if new debtor becomes bound by security agreement","order_by":null,"url":"\/8.9A-508\/"}],"permalink":{"id":284203,"object_type":"law","relational_id":65503,"identifier":"8.9A-507","token":"8.9A\/5\/1\/8.9A-507","url":"\/8.9A-507\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.9A-507\/","token":"8.9A\/5\/1\/8.9A-507","dublin_core":{"Title":"Effect of certain events on effectiveness of financing statement","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-507","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Disposition<\/span>. A filed financing statement remains effective with respect to collateral<\/span> that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien<\/span> continues, even if the secured party<\/span> knows of or consents to the disposition<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Information becoming seriously misleading. Except as otherwise provided in subsection (c) and § 8.9A-508<\/a>, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under § 8.9A-506<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> Change in debtor’s name. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under \u00a7 8.9A-503<\/a>(a) so that the financing statement becomes seriously misleading under \u00a7 8.9A-506<\/a>: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> the financing statement is effective to perfect a security interest in collateral<\/span> acquired by the debtor before, or within four months after, the filed financing statement becomes seriously misleading; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> the financing statement is not effective to perfect a security interest in collateral<\/span> acquired by the debtor more than four months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within four months after that event. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEFFECT OF CERTAIN EVENTS ON EFFECTIVENESS OF FINANCING STATEMENT (\u00a7 8.9A-507)\n\na. Disposition. A filed financing statement remains effective with respect to\ncollateral that is sold, exchanged, leased, licensed, or otherwise disposed of\nand in which a security interest or agricultural lien continues, even if the\nsecured party knows of or consents to the disposition.\n\nb. Information becoming seriously misleading. Except as otherwise provided in\nsubsection (c) and § 8.9A-508, a financing statement is not rendered\nineffective if, after the financing statement is filed, the information provided\nin the financing statement becomes seriously misleading under § 8.9A-506.\n\nc. Change in debtor’s name. If the name that a filed financing statement\nprovides for a debtor becomes insufficient as the name of the debtor under \u00a7\n8.9A-503(a) so that the financing statement becomes seriously misleading under\n\u00a7 8.9A-506:\n\n 1. the financing statement is effective to perfect a security interest in\n collateral acquired by the debtor before, or within four months after, the\n filed financing statement becomes seriously misleading; and\n\n 2. the financing statement is not effective to perfect a security interest in\n collateral acquired by the debtor more than four months after the filed\n financing statement becomes seriously misleading, unless an amendment to the\n financing statement which renders the financing statement not seriously\n misleading is filed within four months after that event.\n\nHISTORY: 1964, c. 219, \u00a7 8.9-402; 1966, c. 649; 1973, c. 509; 1976, c. 536;\n1977, c. 539; 1978, cc. 284, 285; 1982, c. 652; 1999, c. 96; 2000, c. 1007;\n2012, c. 155.","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}}