                                 CODE OF VIRGINIA

TRANSITION PROVISION ON CHANGE OF PLACE OF FILING (§ 8.11-105)

1. A financing statement or continuation statement filed prior to July 1, 1974,
which shall not have lapsed prior to July 1, 1974, shall remain effective for
the period provided in Title 8.9 as amended through 1972, but not less than five
years after the filing.

2. With respect to any collateral acquired by the debtor subsequent to June 30,
1974, any effective financing statement or continuation statement described in
this section shall apply only if the filing or filings are in the office or
offices that would be appropriate to perfect the security interests in the new
collateral under this act of 1973.

3. The effectiveness of any financing statement or continuation statement filed
prior to July 1, 1974, may be continued by a continuation statement as permitted
by this act, except that if this act requires a filing in an office where there
was no previous financing statement, a new financing statement conforming to
&#xA7; 8.11-106 shall be filed in that office.

4. If the record of a mortgage of real estate would have been effective as a
fixture filing of goods described therein if this act had been in effect on the
date of recording the mortgage, the mortgage shall be deemed effective as a
fixture filing as to such goods under subsection (6) of &#xA7; 8.9-402 of this
act on the effective date of this act.

HISTORY: 1973, c. 509.