{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.9A-508.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.9A-508.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.9A-508.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.9A-508.html"}],"law_id":83849,"edition_id":1,"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","history":"2000, c. 1007.","full_text":"a\n\nFinancing statement naming original debtor. Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.b\n\nFinancing statement becoming seriously misleading. If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection (a) to be seriously misleading under \u00a7 8.9A-506:1\n\nthe financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four months after, the new debtor becomes bound under § 8.9A-203 (d); and2\n\nthe financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four months after the new debtor becomes bound under § 8.9A-203 (d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.c\n\nWhen section not applicable. This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under § 8.9A-507 (a).","order_by":null,"text":{"0":{"id":300531,"text":"Financing statement naming original debtor. Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":300532,"text":"Financing statement becoming seriously misleading. If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection (a) to be seriously misleading under \u00a7 8.9A-506:","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a","next_prefix":"b1"},"2":{"id":300533,"text":"the financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four months after, the new debtor becomes bound under § 8.9A-203 (d); and","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b","next_prefix":"b2"},"3":{"id":300534,"text":"the financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four months after the new debtor becomes bound under § 8.9A-203 (d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1","next_prefix":"c"},"4":{"id":300535,"text":"When section not applicable. This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under § 8.9A-507 (a).","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b2"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-508\/","history_text":"

This law was first created in 2000. The record of its establishment is cataloged in chapter 1007<\/a> 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.<\/p>","references":[{"id":62923,"section_number":"8.9A-326","catch_line":"Priority of security interests created by new debtor","order_by":null,"url":"\/8.9A-326\/"},{"id":61527,"section_number":"8.9A-506","catch_line":"Effect of errors or omissions","order_by":null,"url":"\/8.9A-506\/"},{"id":65503,"section_number":"8.9A-507","catch_line":"Effect of certain events on effectiveness of financing statement","order_by":null,"url":"\/8.9A-507\/"}],"refers_to":[{"id":74128,"section_number":"8.9A-203","catch_line":"Attachment and enforceability of security interest; proceeds, supporting obligations; formal requisites","order_by":null,"url":"\/8.9A-203\/"},{"id":65503,"section_number":"8.9A-507","catch_line":"Effect of certain events on effectiveness of financing statement","order_by":null,"url":"\/8.9A-507\/"}],"permalink":{"id":284207,"object_type":"law","relational_id":83849,"identifier":"8.9A-508","token":"8.9A\/5\/1\/8.9A-508","url":"\/8.9A-508\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.9A-508\/","token":"8.9A\/5\/1\/8.9A-508","dublin_core":{"Title":"Effectiveness of financing statement if new debtor becomes bound by security agreement","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-508","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Financing statement naming original debtor. Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral<\/span> in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Financing statement becoming seriously misleading. If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection (a) to be 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 new debtor before, and within four months after, the new debtor becomes bound under § 8.9A-203<\/a> (d); 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 new debtor more than four months after the new debtor becomes bound under § 8.9A-203<\/a> (d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> When section not applicable. This section does not apply to collateral<\/span> as to which a filed financing statement remains effective against the new debtor under § 8.9A-507<\/a> (a). <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEFFECTIVENESS OF FINANCING STATEMENT IF NEW DEBTOR BECOMES BOUND BY SECURITY\nAGREEMENT (\u00a7 8.9A-508)\n\na. Financing statement naming original debtor. Except as otherwise provided in\nthis section, a filed financing statement naming an original debtor is effective\nto perfect a security interest in collateral in which a new debtor has or\nacquires rights to the extent that the financing statement would have been\neffective had the original debtor acquired rights in the collateral.\n\nb. Financing statement becoming seriously misleading. If the difference between\nthe name of the original debtor and that of the new debtor causes a filed\nfinancing statement that is effective under subsection (a) to be seriously\nmisleading under \u00a7 8.9A-506:\n\n 1. the financing statement is effective to perfect a security interest in\n collateral acquired by the new debtor before, and within four months after,\n the new debtor becomes bound under § 8.9A-203 (d); and\n\n 2. the financing statement is not effective to perfect a security interest in\n collateral acquired by the new debtor more than four months after the new\n debtor becomes bound under § 8.9A-203 (d) unless an initial financing\n statement providing the name of the new debtor is filed before the expiration\n of that time.\n\nc. When section not applicable. This section does not apply to collateral as to\nwhich a filed financing statement remains effective against the new debtor under\n§ 8.9A-507 (a).\n\nHISTORY: 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}}