<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74614</law_id><section_number>8.9A-704</section_number><catch_line>Security interest unperfected before effective date</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="7">Transition</unit></structure><text>
						<section><p>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 <span class="dictionary">lien</span> <span class="dictionary">creditor</span> at that time:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> remains an enforceable security interest for one year after this takes effect; <a id="paragraph-268148" class="section-permalink" href="https://vacode.org/8.9A-704/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> remains enforceable thereafter if the security interest becomes enforceable under &#xA7; <a class="law" title="Attachment and enforceability of security interest; proceeds, supporting obligations; formal requisites" href="/8.9A-203/">8.9A-203</a> when this title takes effect or within one year thereafter; and <a id="paragraph-268149" class="section-permalink" href="https://vacode.org/8.9A-704/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> becomes perfected: <a id="paragraph-268150" class="section-permalink" href="https://vacode.org/8.9A-704/#3"><i class="fa fa-link"/></a></p></section>
						<section id="3A" class="indent-1"><p><span class="prefix-number">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 <a id="paragraph-268151" class="section-permalink" href="https://vacode.org/8.9A-704/#3A"><i class="fa fa-link"/></a></p></section>
						<section id="3B" class="indent-1"><p><span class="prefix-number">B.</span> when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. <a id="paragraph-268152" class="section-permalink" href="https://vacode.org/8.9A-704/#3B"><i class="fa fa-link"/></a></p></section></text><history>2000, c. 1007.</history><metadata></metadata></law>
