Section 34.1-9-708 – Persons Entitled to File Initial Financing Statement or Continuation Statement.
34.1-9-708. Persons entitled to file initial financing statement or continuation statement. (a) A person may file an initial financing statement or a continuation statement under this part if: (i) The secured party of record authorizes the filing; and (ii) The filing is necessary under this part: (A) To continue the effectiveness of a financing statement […]
Section 34.1-9-709 – Priority.
34.1-9-709. Priority. (a) This act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this act takes effect, former article 9 determines priority. (b) For purposes of section 34.1-9-322(a), the priority of a security interest that becomes enforceable under section 34.1-9-203 of this act dates […]
Section 34.1-9-801 – Effective Date of Amendments.
34.1-9-801. Effective date of amendments. (a) In this part, “2013 amendments” means the amendments to this title that are enacted by the act of the 2013 legislative session that enacted this part 8. (b) The 2013 amendments are effective July 1, 2013.
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 34.1-9-628 – 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 34.1-9-624 – Waiver.
34.1-9-624. Waiver. (a) A debtor or secondary obligor may waive the right to notification of disposition of collateral under section 34.1-9-611 only by an agreement to that effect entered into and authenticated after default. (b) A debtor may waive the right to require disposition of collateral under section 34.1-9-620(e) only by an agreement to that […]