                                 CODE OF VIRGINIA

SAVINGS CLAUSE (§ 8.13-301)

a. Pre-effective-date transaction, lien, or interest. Except as provided in this
part, Title 8.9A as amended by this act and Title 8.12 apply to a transaction,
lien, or other interest in property, even if the transaction, lien, or interest
was entered into, created, or acquired before the effective date of this act.

b. Continuing validity. Except as provided in subsection (c) and §§ 8.13-302
through 8.13-306:

   1. a transaction, lien, or interest in property that was validly entered into,
   created, or transferred before the effective date of this act and was not
   governed by the Uniform Commercial Code, but would be subject to Title 8.9A as
   amended by this act or Title 8.12 if it had been entered into, created, or
   transferred on or after the effective date of this act, including the rights,
   duties, and interests flowing from the transaction, lien, or interest, remains
   valid on and after the effective date of this act; and

   2. the transaction, lien, or interest may be terminated, completed,
   consummated, and enforced as required or permitted by this act or by the law
   that would apply if this act had not taken effect.

c. Pre-effective-date proceeding. This act does not affect an action, case, or
proceeding commenced before the effective date of this act.

HISTORY: 2024, c. 652.