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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>65306</law_id><section_number>8.9A-707</section_number><catch_line>Amendment of preeffective-date financing statement</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 id="a"><p><span class="prefix-number">a.</span> <span class="dictionary">Preeffective-date financing statement</span>. In this section, &#x201C;<span class="dictionary">preeffective-date financing statement</span>&#x201D; means a financing statement filed before this title takes effect. <a id="paragraph-237500" class="section-permalink" href="https://vacode.org/8.9A-707/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> Applicable <span class="dictionary">law</span>. After this title takes effect, a person may add or delete <span class="dictionary">collateral</span> covered by, continue or terminate the effectiveness of, or otherwise <span class="dictionary">amend</span> the information provided in, a <span class="dictionary">preeffective-date financing statement</span> only in accordance with the <span class="dictionary">law</span> of the <span class="dictionary">jurisdiction</span> governing perfection as provided in Part 3 (&#xA7; <a class="law" title="Law governing perfection and priority of security interests" href="/8.9A-301/">8.9A-301</a> et seq.) of this title. However, the effectiveness of a <span class="dictionary">preeffective-date financing statement</span> also may be terminated in accordance with the <span class="dictionary">law</span> of the <span class="dictionary">jurisdiction</span> in which the financing statement is filed. <a id="paragraph-237501" class="section-permalink" href="https://vacode.org/8.9A-707/#b"><i class="fa fa-link"/></a></p></section>
						<section id="c"><p><span class="prefix-number">c.</span> Method of amending; general rule. Except as otherwise provided in subsection (d), if the <span class="dictionary">law</span> of this Commonwealth governs perfection of a security interest, the information in a <span class="dictionary">preeffective-date financing statement</span> may be amended after this title takes effect only if: <a id="paragraph-237502" class="section-permalink" href="https://vacode.org/8.9A-707/#c"><i class="fa fa-link"/></a></p></section>
						<section id="c1" class="indent-1"><p><span class="prefix-number">1.</span> the <span class="dictionary">preeffective-date financing statement</span> and an amendment are filed in the office specified in &#xA7; <a class="law" title="Filing office" href="/8.9A-501/">8.9A-501</a>; <a id="paragraph-237503" class="section-permalink" href="https://vacode.org/8.9A-707/#c1"><i class="fa fa-link"/></a></p></section>
						<section id="c2" class="indent-1"><p><span class="prefix-number">2.</span> an amendment is filed in the office specified in &#xA7; <a class="law" title="Filing office" href="/8.9A-501/">8.9A-501</a> concurrently with, or after the filing in that office of, an initial financing statement that satisfies &#xA7; <a class="law" title="When initial financing statement suffices to continue effectiveness of financing statement" href="/8.9A-706/">8.9A-706</a> (c); or <a id="paragraph-237504" class="section-permalink" href="https://vacode.org/8.9A-707/#c2"><i class="fa fa-link"/></a></p></section>
						<section id="c3" class="indent-1"><p><span class="prefix-number">3.</span> an initial financing statement that provides the information as amended and satisfies &#xA7; <a class="law" title="When initial financing statement suffices to continue effectiveness of financing statement" href="/8.9A-706/">8.9A-706</a> (c) is filed in the office specified in &#xA7; <a class="law" title="Filing office" href="/8.9A-501/">8.9A-501</a>. <a id="paragraph-237505" class="section-permalink" href="https://vacode.org/8.9A-707/#c3"><i class="fa fa-link"/></a></p></section>
						<section id="d"><p><span class="prefix-number">d.</span> Method of amending; continuation. If the <span class="dictionary">law</span> of this Commonwealth governs perfection of a security interest, the effectiveness of a <span class="dictionary">preeffective-date financing statement</span> may be continued only under &#xA7; <a class="law" title="Effectiveness of action taken before effective date" href="/8.9A-705/">8.9A-705</a> (d) and (f) or &#xA7; <a class="law" title="When initial financing statement suffices to continue effectiveness of financing statement" href="/8.9A-706/">8.9A-706</a>. <a id="paragraph-237506" class="section-permalink" href="https://vacode.org/8.9A-707/#d"><i class="fa fa-link"/></a></p></section>
						<section id="e"><p><span class="prefix-number">e.</span> Method of amending; additional termination rule. Whether or not the <span class="dictionary">law</span> of this Commonwealth governs perfection of a security interest, the effectiveness of a <span class="dictionary">preeffective-date financing statement</span> filed in this Commonwealth may be terminated after this title takes effect by filing a termination statement in the office in which the <span class="dictionary">preeffective-date financing statement</span> is filed, unless an initial financing statement that satisfies &#xA7; <a class="law" title="When initial financing statement suffices to continue effectiveness of financing statement" href="/8.9A-706/">8.9A-706</a> (c) has been filed in the office specified by the <span class="dictionary">law</span> of the <span class="dictionary">jurisdiction</span> governing perfection as provided in Part 3 (&#xA7; <a class="law" title="Law governing perfection and priority of security interests" href="/8.9A-301/">8.9A-301</a> et seq.) of this title as the office in which to file a financing statement. <a id="paragraph-237507" class="section-permalink" href="https://vacode.org/8.9A-707/#e"><i class="fa fa-link"/></a></p></section></text><history>2000, c. 1007.</history><metadata></metadata></law>
