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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>80193</law_id><section_number>8.9A-806</section_number><catch_line>When initial financing statement suffices to continue 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-805</reference><reference>8.9A-807</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="8">Transition Provisions for 2013 Amendments</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> Initial financing statement in lieu of continuation statement. The filing statement of an initial financing statement in the office specified in &#xA7;&#xA0;<a class="law" title="Filing office" href="/8.9A-501/">8.9A-501</a> continues the effectiveness of a financing statement filed before the 2013 amendments take effect if: <a id="paragraph-287048" class="section-permalink" href="https://vacode.org/8.9A-806/#a"><i class="fa fa-link"/></a></p></section>
						<section id="a1" class="indent-1"><p><span class="prefix-number">1.</span> the filing of an initial financing statement in that office would be effective to perfect a security interest under this title, as amended by the 2013 amendments; <a id="paragraph-287049" class="section-permalink" href="https://vacode.org/8.9A-806/#a1"><i class="fa fa-link"/></a></p></section>
						<section id="a2" class="indent-1"><p><span class="prefix-number">2.</span> the pre-effective-date financing statement was filed in an office in another state; and <a id="paragraph-287050" class="section-permalink" href="https://vacode.org/8.9A-806/#a2"><i class="fa fa-link"/></a></p></section>
						<section id="a3" class="indent-1"><p><span class="prefix-number">3.</span> the initial financing statement satisfies subsection (c). <a id="paragraph-287051" class="section-permalink" href="https://vacode.org/8.9A-806/#a3"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> Period of continued effectiveness. The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement: <a id="paragraph-287052" class="section-permalink" href="https://vacode.org/8.9A-806/#b"><i class="fa fa-link"/></a></p></section>
						<section id="b1" class="indent-1"><p><span class="prefix-number">1.</span> if the initial financing statement is filed before July 1, 2013, for the period provided in &#xA7; <a class="law" title="Duration and effectiveness of financing statement; effect of lapsed financing statement" href="/8.9A-515/">8.9A-515</a> as &#xA7; <a class="law" title="Duration and effectiveness of financing statement; effect of lapsed financing statement" href="/8.9A-515/">8.9A-515</a> was in effect on June 30, 2013, with respect to an initial financing statement; and <a id="paragraph-287053" class="section-permalink" href="https://vacode.org/8.9A-806/#b1"><i class="fa fa-link"/></a></p></section>
						<section id="b2" class="indent-1"><p><span class="prefix-number">2.</span> if the initial financing statement is filed on or after July 1, 2013, for the period provided in &#xA7; <a class="law" title="Duration and effectiveness of financing statement; effect of lapsed financing statement" href="/8.9A-515/">8.9A-515</a>, as amended by the 2013 amendments, with respect to an initial financing statement. <a id="paragraph-287054" class="section-permalink" href="https://vacode.org/8.9A-806/#b2"><i class="fa fa-link"/></a></p></section>
						<section id="c"><p><span class="prefix-number">c.</span> Requirements for initial financing statement under subsection (a). To be effective for purposes of subsection (a), an initial financing statement must: <a id="paragraph-287055" class="section-permalink" href="https://vacode.org/8.9A-806/#c"><i class="fa fa-link"/></a></p></section>
						<section id="c1" class="indent-1"><p><span class="prefix-number">1.</span> satisfy the requirements of Part 5 (&#xA7; <a class="law" title="Filing office" href="/8.9A-501/">8.9A-501</a> et seq.), as amended by the 2013 amendments, for an initial financing statement; <a id="paragraph-287056" class="section-permalink" href="https://vacode.org/8.9A-806/#c1"><i class="fa fa-link"/></a></p></section>
						<section id="c2" class="indent-1"><p><span class="prefix-number">2.</span> identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and <a id="paragraph-287057" class="section-permalink" href="https://vacode.org/8.9A-806/#c2"><i class="fa fa-link"/></a></p></section>
						<section id="c3" class="indent-1"><p><span class="prefix-number">3.</span> indicate that the pre-effective-date financing statement remains effective. <a id="paragraph-287058" class="section-permalink" href="https://vacode.org/8.9A-806/#c3"><i class="fa fa-link"/></a></p></section></text><history>2012, c. 155.</history><metadata></metadata></law>
