                                 CODE OF VIRGINIA

SAVINGS CLAUSE (§ 8.8A-601)

a. This title does not affect an action or proceeding commenced before January
1, 1997.

b. If a security interest in a security is perfected on January 1, 1997, and the
action by which the security interest was perfected would suffice to perfect a
security interest under this title, no further action is required to continue
perfection.
			If a security interest in a security is perfected on January 1, 1997, but the
action by which the security interest was perfected would not suffice to perfect
a security interest under this title, the security interest remains perfected
for a period of four months, until May 1, 1997, and continues perfected
thereafter if appropriate action to perfect under this title is taken within
that period.
			If a security interest is perfected on January 1, 1997, and the security
interest can be perfected by filing under this title, a financing statement
signed by the secured party instead of the debtor may be filed within that
period to continue perfection or thereafter to perfect.

HISTORY: 1996, c. 216.