Code of Virginia § 8.13-303. Security interest unperfected before effective date.
112 words·~1 min read·
/va/title-8-13/chapter-3/8-13-303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A security interest that is enforceable immediately before the effective date of this act but is unperfected at that time:
(1)remains an enforceable security interest until the adjustment date;
(2)remains enforceable thereafter if the security interest becomes enforceable under § 8.9A-203 , as amended by this act, on the effective date of this act or before the adjustment date; and
(3)becomes perfected:
(A)without further action, on the effective date of this act if the requirements for perfection under this act are satisfied before or at that time; or
(B)when the requirements for perfection are satisfied if the requirements are satisfied after that time.
2024, c. 652 .