{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.9A-627.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.9A-627.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.9A-627.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.9A-627.html"}],"law_id":64205,"edition_id":1,"section_id":64205,"structure_id":15991,"section_number":"8.9A-627","catch_line":"Determination of whether conduct was commercially reasonable","history":"1964, c. 219, \u00a7 8.9-507; 2000, c. 1007.","full_text":"a\n\nGreater amount obtainable under other circumstances; no preclusion of commercial reasonableness. The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.b\n\nDispositions that are commercially reasonable. A disposition of collateral is made in a commercially reasonable manner if the disposition is made:1\n\nin the usual manner on any recognized market;2\n\nat the price current in any recognized market at the time of the disposition; or3\n\notherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.c\n\nApproval by court or on behalf of creditors. A collection, enforcement, disposition, or acceptance is commercially reasonable if it has been approved:1\n\nin a judicial proceeding;2\n\nby a bona fide creditors’ committee;3\n\nby a representative of creditors; or4\n\nby an assignee for the benefit of creditors.d\n\nApproval under subsection (c) not necessary; absence of approval has no effect. Approval under subsection (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition, or acceptance is not commercially reasonable.","order_by":null,"text":{"0":{"id":233731,"text":"Greater amount obtainable under other circumstances; no preclusion of commercial reasonableness. The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":233732,"text":"Dispositions that are commercially reasonable. A disposition of collateral is made in a commercially reasonable manner if the disposition is made:","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a","next_prefix":"b1"},"2":{"id":233733,"text":"in the usual manner on any recognized market;","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b","next_prefix":"b2"},"3":{"id":233734,"text":"at the price current in any recognized market at the time of the disposition; or","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1","next_prefix":"b3"},"4":{"id":233735,"text":"otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.","type":"section","prefixes":["b","3"],"prefix":"3","entire_prefix":"b3","prefix_anchor":"b3","level":2,"prior_prefix":"b2","next_prefix":"c"},"5":{"id":233736,"text":"Approval by court or on behalf of creditors. A collection, enforcement, disposition, or acceptance is commercially reasonable if it has been approved:","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b3","next_prefix":"c1"},"6":{"id":233737,"text":"in a judicial proceeding;","type":"section","prefixes":["c","1"],"prefix":"1","entire_prefix":"c1","prefix_anchor":"c1","level":2,"prior_prefix":"c","next_prefix":"c2"},"7":{"id":233738,"text":"by a bona fide creditors’ committee;","type":"section","prefixes":["c","2"],"prefix":"2","entire_prefix":"c2","prefix_anchor":"c2","level":2,"prior_prefix":"c1","next_prefix":"c3"},"8":{"id":233739,"text":"by a representative of creditors; or","type":"section","prefixes":["c","3"],"prefix":"3","entire_prefix":"c3","prefix_anchor":"c3","level":2,"prior_prefix":"c2","next_prefix":"c4"},"9":{"id":233740,"text":"by an assignee for the benefit of creditors.","type":"section","prefixes":["c","4"],"prefix":"4","entire_prefix":"c4","prefix_anchor":"c4","level":2,"prior_prefix":"c3","next_prefix":"d"},"10":{"id":233741,"text":"Approval under subsection (c) not necessary; absence of approval has no effect. Approval under subsection (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition, or acceptance is not commercially reasonable.","type":"section","prefixes":["d"],"prefix":"d","entire_prefix":"d","prefix_anchor":"d","level":1,"prior_prefix":"c4"}},"ancestry":[{"id":15991,"edition_id":1,"name":"Noncompliance With Title","identifier":"2","label":"subpart","depth":3,"order_by":1,"parent_id":15262,"metadata":{},"date_created":"2026-06-26 04:03:18","date_modified":"2026-06-26 04:03:18","permalink":{"id":284393,"object_type":"structure","relational_id":15991,"identifier":"2","token":"8.9A\/6\/2","url":"\/8.9A\/6\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":15262,"edition_id":1,"name":"Default","identifier":"6","label":"part","depth":2,"order_by":1,"parent_id":13277,"metadata":{},"date_created":"2026-06-26 03:53:25","date_modified":"2026-06-26 03:53:25","permalink":{"id":284293,"object_type":"structure","relational_id":15262,"identifier":"6","token":"8.9A\/6","url":"\/8.9A\/6\/","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":62405,"structure_id":15991,"section_number":"8.9A-625","catch_line":"Remedies for secured party's failure to comply with title","url":"\/8.9A-625\/","token":"8.9A\/6\/2\/8.9A-625","metadata":false},{"id":77315,"structure_id":15991,"section_number":"8.9A-626","catch_line":"Action in which deficiency or surplus is in issue","url":"\/8.9A-626\/","token":"8.9A\/6\/2\/8.9A-626","metadata":false},{"id":64205,"structure_id":15991,"section_number":"8.9A-627","catch_line":"Determination of whether conduct was commercially reasonable","url":"\/8.9A-627\/","token":"8.9A\/6\/2\/8.9A-627","metadata":false},{"id":71391,"structure_id":15991,"section_number":"8.9A-628","catch_line":"Nonliability and limitation on liability of secured party; liability of secondary obligor","url":"\/8.9A-628\/","token":"8.9A\/6\/2\/8.9A-628","metadata":false}],"previous_section":{"id":77315,"structure_id":15991,"section_number":"8.9A-626","catch_line":"Action in which deficiency or surplus is in issue","url":"\/8.9A-626\/","token":"8.9A\/6\/2\/8.9A-626","metadata":false},"next_section":{"id":71391,"structure_id":15991,"section_number":"8.9A-628","catch_line":"Nonliability and limitation on liability of secured party; liability of secondary obligor","url":"\/8.9A-628\/","token":"8.9A\/6\/2\/8.9A-628","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-627\/","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 2000, chapter 1007<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":284403,"object_type":"law","relational_id":64205,"identifier":"8.9A-627","token":"8.9A\/6\/2\/8.9A-627","url":"\/8.9A-627\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.9A-627\/","token":"8.9A\/6\/2\/8.9A-627","dublin_core":{"Title":"Determination of whether conduct was commercially reasonable","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-627","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Greater amount obtainable under other circumstances; no preclusion of commercial reasonableness. The fact<\/span> that a greater amount could have been obtained by a collection, enforcement, disposition<\/span>, or acceptance at a different time or in a different method from that selected by the secured party<\/span> is not of itself sufficient to preclude the secured party<\/span> from establishing that the collection, enforcement, disposition<\/span>, or acceptance was made in a commercially reasonable manner. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Dispositions<\/span> that are commercially reasonable. A disposition<\/span> of collateral<\/span> is made in a commercially reasonable manner if the disposition<\/span> is made: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> in the usual manner on any recognized market; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> at the price current in any recognized market at the time of the disposition<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> Approval by court<\/span> or on behalf of creditors<\/span>. A collection, enforcement, disposition<\/span>, or acceptance is commercially reasonable if it has been approved: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> in a judicial proceeding; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> by a bona fide creditors<\/span>’ committee; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> by a representative of creditors<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> by an assignee for the benefit of creditors<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

d.<\/span> Approval under subsection (c) not necessary; absence of approval has no effect. Approval under subsection (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition<\/span>, or acceptance is not commercially reasonable. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDETERMINATION OF WHETHER CONDUCT WAS COMMERCIALLY REASONABLE (\u00a7 8.9A-627)\n\na. Greater amount obtainable under other circumstances; no preclusion of\ncommercial reasonableness. The fact that a greater amount could have been\nobtained by a collection, enforcement, disposition, or acceptance at a different\ntime or in a different method from that selected by the secured party is not of\nitself sufficient to preclude the secured party from establishing that the\ncollection, enforcement, disposition, or acceptance was made in a commercially\nreasonable manner.\n\nb. Dispositions that are commercially reasonable. A disposition of collateral is\nmade in a commercially reasonable manner if the disposition is made:\n\n 1. in the usual manner on any recognized market;\n\n 2. at the price current in any recognized market at the time of the\n disposition; or\n\n 3. otherwise in conformity with reasonable commercial practices among dealers\n in the type of property that was the subject of the disposition.\n\nc. Approval by court or on behalf of creditors. A collection, enforcement,\ndisposition, or acceptance is commercially reasonable if it has been approved:\n\n 1. in a judicial proceeding;\n\n 2. by a bona fide creditors’ committee;\n\n 3. by a representative of creditors; or\n\n 4. by an assignee for the benefit of creditors.\n\nd. Approval under subsection (c) not necessary; absence of approval has no\neffect. Approval under subsection (c) need not be obtained, and lack of approval\ndoes not mean that the collection, enforcement, disposition, or acceptance is\nnot commercially reasonable.\n\nHISTORY: 1964, c. 219, \u00a7 8.9-507; 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}}