                                 CODE OF VIRGINIA

AMENDMENT OF PRE-EFFECTIVE-DATE FINANCING STATEMENT (§ 8.9A-807)

a. &#8220;Pre-effective-date financing statement.&#8221; In this section,
&#8220;pre-effective-date financing statement&#8221; means a financing statement
filed before July 1, 2013.

b. Applicable law. On and after July 1, 2013, a person may add or delete
collateral covered by, continue or terminate the effectiveness of, or otherwise
amend the information provided in a pre-effective-date financing statement only
in accordance with the law of the jurisdiction governing perfection as provided
in this title, as amended by the 2013 amendments. However, the effectiveness of
a pre-effective-date financing statement also may be terminated in accordance
with the law of the jurisdiction in which the financing statement is filed.

c. Method of amending; general rule. Except as otherwise provided in subsection
(d), if the law of the Commonwealth governs perfection of a security interest,
the information in a pre-effective-date financing statement may be amended on
and after July 1, 2013, only if:

   1. the pre-effective-date financing statement and an amendment are filed in
   the office specified in &#xA7; 8.9A-501;

   2. an amendment is filed in the office specified in &#xA7; 8.9A-501
   concurrently with, or after the filing in that office of, an initial financing
   statement that satisfies &#xA7; 8.9A-806(c); or

   3. an initial financing statement that provides the information as amended and
   satisfies &#xA7; 8.9A-806(c) is filed in the office specified in &#xA7;
   8.9A-501.

d. Method of amending; continuation. If the law of the Commonwealth governs
perfection of a security interest, the effectiveness of a financing statement
filed before July 1, 2013, may be continued only under &#xA7; 8.9A-805(c) or (e)
and &#xA7; 8.9A-806.

e. Method of amending; additional termination rule. Whether or not the law of
the Commonwealth governs perfection of a security interest, the effectiveness of
a financing statement filed before July 1, 2013, in the Commonwealth may be
terminated on or after July 1, 2013, by filing a termination statement in the
office in which the pre-effective-date financing statement is filed, unless an
initial financing statement that satisfies &#xA7; 8.9A-806(c) has been filed in
the office specified by the law of the jurisdiction governing perfection as
provided in this title, as amended by the 2013 amendments, as the office in
which to file a financing statement.

HISTORY: 2012, c. 155.