{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.9A-706.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.9A-706.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.9A-706.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.9A-706.html"}],"law_id":71951,"edition_id":1,"section_id":71951,"structure_id":14834,"section_number":"8.9A-706","catch_line":"When initial financing statement suffices to continue effectiveness of financing statement","history":"2000, c. 1007.","full_text":"a\n\nInitial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in \u00a7 8.9A-501 continues the effectiveness of a financing statement filed before this title takes effect if:1\n\nthe filing of an initial financing statement in that office would be effective to perfect a security interest under this title;2\n\nthe preeffective-date financing statement was filed in an office in another state or another office in this Commonwealth; and3\n\nthe initial financing statement satisfies subsection (c).b\n\nPeriod of continued effectiveness. The filing of an initial financing statement under subsection (a) continues the effectiveness of the preeffective-date financing statement:1\n\nif the initial financing statement is filed before this title takes effect, for the period provided in former § 8.9-403 with respect to a financing statement; and2\n\nif the initial financing statement is filed after this title takes effect, for the period provided in § 8.9A-515 with respect to an initial financing statement.c\n\nRequirements for initial financing statement under subsection (a). To be effective for purposes of subsection (a), an initial financing statement must:1\n\nsatisfy the requirements of Part 5 (§ 8.9A-501 et seq.) of this title for an initial financing statement;2\n\nidentify the preeffective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and3\n\nindicate that the preeffective-date financing statement remains effective.","order_by":null,"text":{"0":{"id":259265,"text":"Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in \u00a7 8.9A-501 continues the effectiveness of a financing statement filed before this title takes effect if:","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"a1"},"1":{"id":259266,"text":"the filing of an initial financing statement in that office would be effective to perfect a security interest under this title;","type":"section","prefixes":["a","1"],"prefix":"1","entire_prefix":"a1","prefix_anchor":"a1","level":2,"prior_prefix":"a","next_prefix":"a2"},"2":{"id":259267,"text":"the preeffective-date financing statement was filed in an office in another state or another office in this Commonwealth; and","type":"section","prefixes":["a","2"],"prefix":"2","entire_prefix":"a2","prefix_anchor":"a2","level":2,"prior_prefix":"a1","next_prefix":"a3"},"3":{"id":259268,"text":"the initial financing statement satisfies subsection (c).","type":"section","prefixes":["a","3"],"prefix":"3","entire_prefix":"a3","prefix_anchor":"a3","level":2,"prior_prefix":"a2","next_prefix":"b"},"4":{"id":259269,"text":"Period of continued effectiveness. The filing of an initial financing statement under subsection (a) continues the effectiveness of the preeffective-date financing statement:","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a3","next_prefix":"b1"},"5":{"id":259270,"text":"if the initial financing statement is filed before this title takes effect, for the period provided in former § 8.9-403 with respect to a financing statement; and","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b","next_prefix":"b2"},"6":{"id":259271,"text":"if the initial financing statement is filed after this title takes effect, for the period provided in § 8.9A-515 with respect to an initial financing statement.","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1","next_prefix":"c"},"7":{"id":259272,"text":"Requirements for initial financing statement under subsection (a). To be effective for purposes of subsection (a), an initial financing statement must:","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b2","next_prefix":"c1"},"8":{"id":259273,"text":"satisfy the requirements of Part 5 (§ 8.9A-501 et seq.) of this title for an initial financing statement;","type":"section","prefixes":["c","1"],"prefix":"1","entire_prefix":"c1","prefix_anchor":"c1","level":2,"prior_prefix":"c","next_prefix":"c2"},"9":{"id":259274,"text":"identify the preeffective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and","type":"section","prefixes":["c","2"],"prefix":"2","entire_prefix":"c2","prefix_anchor":"c2","level":2,"prior_prefix":"c1","next_prefix":"c3"},"10":{"id":259275,"text":"indicate that the preeffective-date financing statement remains effective.","type":"section","prefixes":["c","3"],"prefix":"3","entire_prefix":"c3","prefix_anchor":"c3","level":2,"prior_prefix":"c2"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-706\/","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":70875,"section_number":"8.9A-705","catch_line":"Effectiveness of action taken before effective date","order_by":null,"url":"\/8.9A-705\/"},{"id":65306,"section_number":"8.9A-707","catch_line":"Amendment of preeffective-date financing statement","order_by":null,"url":"\/8.9A-707\/"}],"refers_to":[{"id":72400,"section_number":"8.9A-501","catch_line":"Filing office","order_by":null,"url":"\/8.9A-501\/"},{"id":70878,"section_number":"8.9A-515","catch_line":"Duration and effectiveness of financing statement; effect of lapsed financing statement","order_by":null,"url":"\/8.9A-515\/"}],"permalink":{"id":284433,"object_type":"law","relational_id":71951,"identifier":"8.9A-706","token":"8.9A\/7\/8.9A-706","url":"\/8.9A-706\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.9A-706\/","token":"8.9A\/7\/8.9A-706","dublin_core":{"Title":"When initial financing statement suffices to continue effectiveness of financing statement","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-706","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in \u00a7 8.9A-501<\/a> continues the effectiveness of a financing statement filed before this title takes effect if: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> the filing of an initial financing statement in that office would be effective to perfect a security interest under this title; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> the preeffective-date financing statement was filed in an office in another state or another office in this Commonwealth; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> the initial financing statement satisfies subsection (c). <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Period of continued effectiveness. The filing of an initial financing statement under subsection (a) continues the effectiveness of the preeffective-date financing statement: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> if the initial financing statement is filed before this title takes effect, for the period provided in former § 8.9-403 with respect to a financing statement; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> if the initial financing statement is filed after this title takes effect, for the period provided in § 8.9A-515<\/a> with respect to an initial financing statement. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> Requirements for initial financing statement under subsection (a). To be effective for purposes of subsection (a), an initial financing statement must: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> satisfy the requirements of Part 5 (§ 8.9A-501<\/a> et seq.) of this title for an initial financing statement; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> identify the preeffective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> indicate that the preeffective-date financing statement remains effective. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nWHEN INITIAL FINANCING STATEMENT SUFFICES TO CONTINUE EFFECTIVENESS OF FINANCING\nSTATEMENT (\u00a7 8.9A-706)\n\na. Initial financing statement in lieu of continuation statement. The filing of\nan initial financing statement in the office specified in \u00a7 8.9A-501 continues\nthe effectiveness of a financing statement filed before this title takes effect\nif:\n\n 1. the filing of an initial financing statement in that office would be\n effective to perfect a security interest under this title;\n\n 2. the preeffective-date financing statement was filed in an office in another\n state or another office in this Commonwealth; and\n\n 3. the initial financing statement satisfies subsection (c).\n\nb. Period of continued effectiveness. The filing of an initial financing\nstatement under subsection (a) continues the effectiveness of the\npreeffective-date financing statement:\n\n 1. if the initial financing statement is filed before this title takes effect,\n for the period provided in former § 8.9-403 with respect to a financing\n statement; and\n\n 2. if the initial financing statement is filed after this title takes effect,\n for the period provided in § 8.9A-515 with respect to an initial\n financing statement.\n\nc. Requirements for initial financing statement under subsection (a). To be\neffective for purposes of subsection (a), an initial financing statement must:\n\n 1. satisfy the requirements of Part 5 (§ 8.9A-501 et seq.) of this title\n for an initial financing statement;\n\n 2. identify the preeffective-date financing statement by indicating the office\n in which the financing statement was filed and providing the dates of filing\n and file numbers, if any, of the financing statement and of the most recent\n continuation statement filed with respect to the financing statement; and\n\n 3. indicate that the preeffective-date financing statement remains effective.\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}}