                                 CODE OF VIRGINIA

WHEN FILING REQUIRED TO PERFECT SECURITY INTEREST OR AGRICULTURAL LIEN; SECURITY
INTERESTS AND AGRICULTURAL LIENS TO WHICH FILING PROVISIONS DO NOT APPLY (§
8.9A-310)

a. General rule; perfection by filing. Except as otherwise provided in
subsection (b) and &#xA7; 8.9A-312 (b), a financing statement must be filed to
perfect all security interests and agricultural liens.

b. Exceptions; filing not necessary. The filing of a financing statement is not
necessary to perfect a security interest:

   1. that is perfected under &#xA7; 8.9A-308 (d), (e), (f), or (g);

   2. that is perfected under &#xA7; 8.9A-309 when it attaches;

   3. in property subject to a statute, regulation, or treaty described in &#xA7;
   8.9A-311 (a);

   4. in goods in possession of a bailee that is perfected under &#xA7; 8.9A-312
   (d) (1) or (2);

   5. in certificated securities, documents, goods, or instruments that is
   perfected without filing, control, or possession under &#xA7; 8.9A-312 (e),
   (f), or (g);

   6. in collateral in the secured party&#8217;s possession under &#xA7;
   8.9A-313;

   7. in a certificated security which is perfected by delivery of the security
   certificate to the secured party under &#xA7; 8.9A-313;

   8. in controllable accounts, controllable electronic records, controllable
   payment intangibles, deposit accounts, electronic documents, investment
   property, or letter-of-credit rights which is perfected by control under
   &#xA7; 8.9A-314;
   				(8.1) in chattel paper which is perfected by possession and control under
   &#xA7; 8.9A-314.1.

   9. in proceeds which is perfected under &#xA7; 8.9A-315; or

   10. that is perfected under &#xA7; 8.9A-316.

c. Assignment of perfected security interest. If a secured party assigns a
perfected security interest or agricultural lien, a filing under this title is
not required to continue the perfected status of the security interest against
creditors of and transferees from the original debtor.

HISTORY: 1964, c. 219, § 8.9-302; 1966, c. 569; 1973, c. 509; 1983, cc. 204,
367; 1984, c. 613; 1996, c. 216; 2000, c. 1007; 2004, c. 200; 2024, c. 652.