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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>56694</law_id><section_number>8.9A-505</section_number><catch_line>Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>17.1-275</reference></referred_to_by><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="5">Filing</unit><unit label="subpart" level="3" order_by="1" identifier="1">Filing Office, Contents and Effectiveness of Financing Statement</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> Use of terms other than &#x201C;debtor&#x201D; and &#x201C;secured <span class="dictionary">party</span>.&#x201D; A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a <span class="dictionary">statute</span> or treaty described in &#xA7; <a class="law" title="Perfection of security interests in property subject to certain statutes, regulations, and treaties" href="/8.9A-311/">8.9A-311</a> (a), using the terms &#x201C;consignor,&#x201D; &#x201C;consignee,&#x201D; &#x201C;lessor,&#x201D; &#x201C;lessee,&#x201D; &#x201C;bailor,&#x201D; &#x201C;bailee,&#x201D; &#x201C;licensor,&#x201D; &#x201C;licensee,&#x201D; &#x201C;owner,&#x201D; &#x201C;registered owner,&#x201D; &#x201C;buyer,&#x201D; &#x201C;seller,&#x201D; or words of similar import, instead of the terms &#x201C;secured <span class="dictionary">party</span>&#x201D; and &#x201C;debtor.&#x201D; <a id="paragraph-207451" class="section-permalink" href="https://vacode.org/8.9A-505/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> Effect of financing statement under subsection (a). This part applies to the filing of a financing statement under subsection (a) and, as appropriate, to compliance that is equivalent to filing a financing statement under &#xA7; <a class="law" title="Perfection of security interests in property subject to certain statutes, regulations, and treaties" href="/8.9A-311/">8.9A-311</a> (b), but the filing or compliance is not of itself a factor in determining whether the <span class="dictionary">collateral</span> secures an obligation. If it is determined for another reason that the <span class="dictionary">collateral</span> secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the <span class="dictionary">collateral</span> is perfected by the filing or compliance. <a id="paragraph-207452" class="section-permalink" href="https://vacode.org/8.9A-505/#b"><i class="fa fa-link"/></a></p></section></text><history>1973, c. 509, &#xA7; 8.9-408; 2000, c. 1007.</history><metadata></metadata></law>
