                                 CODE OF VIRGINIA

PRIORITY (§ 8.13-305)

a. Determination of priority. Subject to subsections (b) and (c), this act
determines the priority of conflicting claims to collateral.

b. Established priorities. Subject to subsection (c), if the priorities of
claims to collateral were established before the effective date of this act,
Title 8.9A as in effect before the effective date of this act determines
priority.

c. Determination of certain priorities on adjustment date. On the adjustment
date, to the extent the priorities determined by Title 8.9A as amended by this
act modify the priorities established before the effective date of this act, the
priorities of claims to Title 8.12 property and electronic money established
before the effective date of this act cease to apply.

HISTORY: 2024, c. 652.