{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.9A-704.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.9A-704.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.9A-704.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.9A-704.html"}],"law_id":74614,"edition_id":1,"section_id":74614,"structure_id":14834,"section_number":"8.9A-704","catch_line":"Security interest unperfected before effective date","history":"2000, c. 1007.","full_text":"A security interest that is enforceable immediately before this title takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:\n\n1\n\nremains an enforceable security interest for one year after this takes effect;2\n\nremains enforceable thereafter if the security interest becomes enforceable under § 8.9A-203 when this title takes effect or within one year thereafter; and3\n\nbecomes perfected:A\n\nwithout further action, when this title takes effect if the applicable requirements for perfection under this title are satisfied before or at that time; orB\n\nwhen the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.","order_by":null,"text":{"0":{"id":268147,"text":"A security interest that is enforceable immediately before this title takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":268148,"text":"remains an enforceable security interest for one year after this takes effect;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":268149,"text":"remains enforceable thereafter if the security interest becomes enforceable under § 8.9A-203 when this title takes effect or within one year thereafter; and","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":268150,"text":"becomes perfected:","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"3A"},"4":{"id":268151,"text":"without further action, when this title takes effect if the applicable requirements for perfection under this title are satisfied before or at that time; or","type":"section","prefixes":["3","A"],"prefix":"A","entire_prefix":"3A","prefix_anchor":"3A","level":2,"prior_prefix":"3","next_prefix":"3B"},"5":{"id":268152,"text":"when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.","type":"section","prefixes":["3","B"],"prefix":"B","entire_prefix":"3B","prefix_anchor":"3B","level":2,"prior_prefix":"3A"}},"ancestry":[{"id":14834,"edition_id":1,"name":"Transition","identifier":"7","label":"part","depth":2,"order_by":1,"parent_id":13277,"metadata":{},"date_created":"2026-06-26 03:50:15","date_modified":"2026-06-26 03:50:15","permalink":{"id":284411,"object_type":"structure","relational_id":14834,"identifier":"7","token":"8.9A\/7","url":"\/8.9A\/7\/","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":64989,"structure_id":14834,"section_number":"8.9A-701","catch_line":"Effective date","url":"\/8.9A-701\/","token":"8.9A\/7\/8.9A-701","metadata":false},{"id":75345,"structure_id":14834,"section_number":"8.9A-702","catch_line":"Savings clause","url":"\/8.9A-702\/","token":"8.9A\/7\/8.9A-702","metadata":false},{"id":56712,"structure_id":14834,"section_number":"8.9A-703","catch_line":"Security interest perfected before effective date","url":"\/8.9A-703\/","token":"8.9A\/7\/8.9A-703","metadata":false},{"id":74614,"structure_id":14834,"section_number":"8.9A-704","catch_line":"Security interest unperfected before effective date","url":"\/8.9A-704\/","token":"8.9A\/7\/8.9A-704","metadata":false},{"id":70875,"structure_id":14834,"section_number":"8.9A-705","catch_line":"Effectiveness of action taken before effective date","url":"\/8.9A-705\/","token":"8.9A\/7\/8.9A-705","metadata":false},{"id":71951,"structure_id":14834,"section_number":"8.9A-706","catch_line":"When initial financing statement suffices to continue effectiveness of financing statement","url":"\/8.9A-706\/","token":"8.9A\/7\/8.9A-706","metadata":false},{"id":65306,"structure_id":14834,"section_number":"8.9A-707","catch_line":"Amendment of preeffective-date financing statement","url":"\/8.9A-707\/","token":"8.9A\/7\/8.9A-707","metadata":false},{"id":78521,"structure_id":14834,"section_number":"8.9A-708","catch_line":"Persons entitled to file initial financing statement or continuation statement","url":"\/8.9A-708\/","token":"8.9A\/7\/8.9A-708","metadata":false},{"id":67010,"structure_id":14834,"section_number":"8.9A-709","catch_line":"Priority","url":"\/8.9A-709\/","token":"8.9A\/7\/8.9A-709","metadata":false}],"previous_section":{"id":56712,"structure_id":14834,"section_number":"8.9A-703","catch_line":"Security interest perfected before effective date","url":"\/8.9A-703\/","token":"8.9A\/7\/8.9A-703","metadata":false},"next_section":{"id":70875,"structure_id":14834,"section_number":"8.9A-705","catch_line":"Effectiveness of action taken before effective date","url":"\/8.9A-705\/","token":"8.9A\/7\/8.9A-705","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-704\/","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":false,"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\/"}],"permalink":{"id":284425,"object_type":"law","relational_id":74614,"identifier":"8.9A-704","token":"8.9A\/7\/8.9A-704","url":"\/8.9A-704\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.9A-704\/","token":"8.9A\/7\/8.9A-704","dublin_core":{"Title":"Security interest unperfected before effective date","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-704","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A security interest that is enforceable immediately before this title takes effect but which would be subordinate to the rights of a person that becomes a lien<\/span> creditor<\/span> at that time:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> remains an enforceable security interest for one year after this takes effect; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> remains enforceable thereafter if the security interest becomes enforceable under § 8.9A-203<\/a> when this title takes effect or within one year thereafter; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> becomes perfected: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

A.<\/span> without further action, when this title takes effect if the applicable requirements for perfection under this title are satisfied before or at that time; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE (\u00a7 8.9A-704)\n\nA security interest that is enforceable immediately before this title takes\neffect but which would be subordinate to the rights of a person that becomes a\nlien creditor at that time:\n\n1. remains an enforceable security interest for one year after this takes\neffect;\n\n2. remains enforceable thereafter if the security interest becomes enforceable\nunder § 8.9A-203 when this title takes effect or within one year\nthereafter; and\n\n3. becomes perfected:\n\n A. without further action, when this title takes effect if the applicable\n requirements for perfection under this title are satisfied before or at that\n time; or\n\n B. when the applicable requirements for perfection are satisfied if the\n requirements are satisfied after that time.\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}}