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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>77801</law_id><section_number>8.9A-107.2</section_number><catch_line>No requirement to acknowledge or confirm; no duties</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="8.9A">Commercial Code &#x2014; Secured Transactions</unit><unit label="part" level="2" order_by="1" identifier="1">General Provisions</unit><unit label="subpart" level="3" order_by="1" identifier="1">Short Title, Definitions and General Concepts</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> No requirement to acknowledge. A person that has control under <a class="law" title="Control of deposit account" href="/8.9A-104/">8.9A-104</a>, <a class="law" title="Control of electronic copy of record evidencing chattel paper" href="/8.9A-105/">8.9A-105</a>, or <a class="law" title="Control of electronic money" href="/8.9A-105.1/">8.9A-105.1</a> is not required to acknowledge that it has control on behalf of another person. <a id="paragraph-279048" class="section-permalink" href="https://vacode.org/8.9A-107.2/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> No duties or confirmation. If a person acknowledges that it has or will obtain control on behalf of another person, unless the person otherwise agrees or <span class="dictionary">law</span> other than this article otherwise provides, the person does not owe any duty to the other person and is not required to confirm the acknowledgment to any other person. <a id="paragraph-279049" class="section-permalink" href="https://vacode.org/8.9A-107.2/#b"><i class="fa fa-link"/></a></p></section></text><history>2024, c. 652.</history><metadata></metadata></law>
