Section 34.1-9-802 – Savings Clause.
34.1-9-802. Savings clause. (a) Except as otherwise provided in this part, the 2013 amendments apply to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2013. (b) The 2013 amendments do not affect an action, case or proceeding commenced before July 1, 2013.
Section 34.1-9-803 – Security Interest Perfected Before July 1, 2013.
34.1-9-803. Security interest perfected before July 1, 2013. (a) A security interest that is a perfected security interest immediately before July 1, 2013, is a perfected security interest under this title as amended by the 2013 amendments if, on July 1, 2013, the applicable requirements for attachment and perfection under this title, as amended by […]
Section 34.1-9-804 – Security Interest Unperfected Before July 1, 2013.
34.1-9-804. Security interest unperfected before July 1, 2013. (a) A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest: (i) Without further action, on July 1, 2013, if the applicable requirements for perfection under this title, as amended by the 2013 amendments, are satisfied before or […]
Section 34.1-9-805 – Effectiveness of Action Taken Before July 1, 2013.
34.1-9-805. Effectiveness of action taken before July 1, 2013. (a) The filing of a financing statement before July 1, 2013, is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this title, as amended by the 2013 amendments. (b) The 2013 amendments do not render […]
Section 34.1-9-628 – Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor.
34.1-9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor. (a) Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person: (i) The secured party is not liable to the person, or to a secured […]
Section 34.1-9-701 – Effective Date.
34.1-9-701. Effective date. This act takes effect on July 1, 2001. References in this part to “this Act” refer to the legislative enactment by which this part is added to article 9 of title 34. References in this part to “former article 9” are to article of title 34 as in effect immediately before this […]
Section 34.1-9-702 – Savings Clause.
34.1-9-702. Savings clause. (a) Except as otherwise provided in this part, this act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this act takes effect. (b) Except as otherwise provided in subsection (c) and sections 34.1-9-703 through 34.1-9-709: (i) Transactions and liens […]
Section 34.1-9-703 – Security Interest Perfected Before Effective Date.
34.1-9-703. Security interest perfected before effective date. (a) A security interest that is enforceable immediately before this act takes effect and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this act if, when this act takes effect, the applicable requirements […]
Section 34.1-9-704 – Security Interest Unperfected Before Effective Date.
34.1-9-704. Security interest unperfected before effective date. (a) A security interest that is enforceable immediately before this act takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time: (i) Remains an enforceable security interest for one (1) year after this act takes effect; (ii) […]
Section 34.1-9-623 – Right to Redeem Collateral.
34.1-9-623. Right to redeem collateral. (a) A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral. (b) To redeem collateral, a person shall tender: (i) Fulfillment of all obligations secured by the collateral; and (ii) The reasonable expenses and attorney’s fees described in section 34.1-9-615(a)(i). (c) A redemption may occur […]