                                 CODE OF VIRGINIA

EFFECTIVENESS OF ACTIONS TAKEN BEFORE EFFECTIVE DATE (§ 8.13-304)

a. Pre-effective-date action; attachment and perfection before adjustment date.
If action, other than the filing of a financing statement, is taken before the
effective date of this act and the action would have resulted in perfection of
the security interest had the security interest become enforceable before the
effective date of this act, the action is effective to perfect a security
interest that attaches under this act before the adjustment date. An attached
security interest becomes unperfected on the adjustment date unless the security
interest becomes a perfected security interest under this act before the
adjustment date.

b. Pre-effective-date filing. The filing of a financing statement before the
effective date of this act is effective to perfect a security interest on the
effective date of this act to the extent the filing would satisfy the
requirements for perfection under this act.

c. Pre-effective-date enforceability action. The taking of an action before the
effective date of this act is sufficient for the enforceability of a security
interest on the effective date of this act if the action would satisfy the
requirements for enforceability under this act.

HISTORY: 2024, c. 652.