                                 CODE OF VIRGINIA

WHEN SECURITY INTEREST OR AGRICULTURAL LIEN IS PERFECTED; CONTINUITY OF
PERFECTION (§ 8.9A-308)

a. Perfection of security interest. Except as otherwise provided in this section
and &#xA7; 8.9A-309, a security interest is perfected if it has attached and all
of the applicable requirements for perfection in &#xA7;&#xA7; 8.9A-310 through
8.9A-316 have been satisfied. A security interest is perfected when it attaches
if the applicable requirements are satisfied before the security interest
attaches.

b. Perfection of agricultural lien. An agricultural lien is perfected if it has
become effective and all of the applicable requirements for perfection in &#xA7;
8.9A-310 have been satisfied. An agricultural lien is perfected when it becomes
effective if the applicable requirements are satisfied before the agricultural
lien becomes effective.

c. Continuous perfection; perfection by different methods. A security interest
or agricultural lien is perfected continuously if it is originally perfected by
one method under this title and is later perfected by another method under this
title, without an intermediate period when it was unperfected.

d. Supporting obligation. Perfection of a security interest in collateral also
perfects a security interest in a supporting obligation for the collateral.

e. Lien securing right to payment. Perfection of a security interest in a right
to payment or performance also perfects a security interest in a security
interest, mortgage, or other lien on personal or real property securing the
right.

f. Security entitlement carried in securities account. Perfection of a security
interest in a securities account also perfects a security interest in the
security entitlements carried in the securities account.

g. Commodity contract carried in commodity account. Perfection of a security
interest in a commodity account also perfects a security interest in the
commodity contracts carried in the commodity account.

HISTORY: 1964, c. 219, § 8.9-302; 1973, c. 509; 1984, c. 613; 1996, c. 216, §
8.9-115; 1997, c. 343; 2000, c. 1007.