<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>65503</law_id><section_number>8.9A-507</section_number><catch_line>Effect of certain events on effectiveness of financing statement</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>8.9A-508</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> <span class="dictionary">Disposition</span>. A filed financing statement remains effective with respect to <span class="dictionary">collateral</span> that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural <span class="dictionary">lien</span> continues, even if the secured <span class="dictionary">party</span> knows of or consents to the <span class="dictionary">disposition</span>. <a id="paragraph-238133" class="section-permalink" href="https://vacode.org/8.9A-507/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> Information becoming seriously misleading. Except as otherwise provided in subsection (c) and &#xA7; <a class="law" title="Effectiveness of financing statement if new debtor becomes bound by security agreement" href="/8.9A-508/">8.9A-508</a>, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under &#xA7; <a class="law" title="Effect of errors or omissions" href="/8.9A-506/">8.9A-506</a>. <a id="paragraph-238134" class="section-permalink" href="https://vacode.org/8.9A-507/#b"><i class="fa fa-link"/></a></p></section>
						<section id="c"><p><span class="prefix-number">c.</span> Change in debtor&#x2019;s name. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under &#xA7;&#xA0;<a class="law" title="Name of debtor and secured party" href="/8.9A-503/">8.9A-503</a>(a) so that the financing statement becomes seriously misleading under &#xA7;&#xA0;<a class="law" title="Effect of errors or omissions" href="/8.9A-506/">8.9A-506</a>: <a id="paragraph-238135" class="section-permalink" href="https://vacode.org/8.9A-507/#c"><i class="fa fa-link"/></a></p></section>
						<section id="c1" class="indent-1"><p><span class="prefix-number">1.</span> the financing statement is effective to perfect a security interest in <span class="dictionary">collateral</span> acquired by the debtor before, or within four months after, the filed financing statement becomes seriously misleading; and <a id="paragraph-238136" class="section-permalink" href="https://vacode.org/8.9A-507/#c1"><i class="fa fa-link"/></a></p></section>
						<section id="c2" class="indent-1"><p><span class="prefix-number">2.</span> the financing statement is not effective to perfect a security interest in <span class="dictionary">collateral</span> acquired by the debtor more than four months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within four months after that event. <a id="paragraph-238137" class="section-permalink" href="https://vacode.org/8.9A-507/#c2"><i class="fa fa-link"/></a></p></section></text><history>1964, c. 219, &#xA7; 8.9-402; 1966, c. 649; 1973, c. 509; 1976, c. 536; 1977, c. 539; 1978, cc. 284, 285; 1982, c. 652; 1999, c. 96; 2000, c. 1007; 2012, c. 155.</history><metadata></metadata></law>
