Section 34.1-9-602 – Waiver and Variance of Rights and Duties.
34.1-9-602. Waiver and variance of rights and duties. (a) Except as otherwise provided in section 34.1-9-624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections: (i) Section 34.1-9-207(b)(iv)(C), […]
Section 34.1-9-519 – Numbering, Maintaining, and Indexing Records; Communicating Information Provided in Records.
34.1-9-519. Numbering, maintaining, and indexing records; communicating information provided in records. (a) For each record filed in a filing office, the filing office shall: (i) Assign a unique number to the filed record; (ii) Create a record that bears the number assigned to the filed record and the date and time of filing; (iii) Maintain […]
Section 34.1-9-520 – Acceptance and Refusal to Accept Record.
34.1-9-520. Acceptance and refusal to accept record. (a) A filing office shall refuse to accept a record for filing for a reason set forth in section 34.1-9-516(b) and may refuse to accept a record for filing only for a reason set forth in section 34.1-9-516(b). (b) If a filing office refuses to accept a record […]
Section 34.1-9-521 – Uniform Form of Written Financing Statement and Amendment.
34.1-9-521. Uniform form of written financing statement and amendment. (a) Repealed By Laws 2013, Ch. 8, § 3. (b) Repealed By Laws 2013, Ch. 8, § 3. (c) A filing office that accepts written records may not refuse to accept a written initial financing statement in the form and format prescribed by the state except […]
Section 34.1-9-522 – Maintenance and Destruction of Records.
34.1-9-522. Maintenance and destruction of records. (a) The filing office shall maintain a record of the information provided in a filed financing statement for at least one (1) year after the effectiveness of the financing statement has lapsed under section 34.1-9-515 with respect to all secured parties of record. The record must be retrievable by […]
Section 34.1-9-523 – Information From Filing Office; Sale or License of Records.
34.1-9-523. Information from filing office; sale or license of records. (a) If a person that files a written record requests an acknowledgment of the filing, the filing office shall send to the person an image of the record showing the number assigned to the record pursuant to section 34.1-9-519(a)(i) and the date and time of […]
Section 34.1-9-516 – What Constitutes Filing; Effectiveness of Filing.
34.1-9-516. What constitutes filing; effectiveness of filing. (a) Except as otherwise provided in subsection (b), communication of a record to a filing office and tender of the filing fee or acceptance of the record by the filing office constitutes filing. (b) Filing does not occur with respect to a record that a filing office refuses […]
Section 34.1-9-517 – Effect of Indexing Errors.
34.1-9-517. Effect of indexing errors. The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record.
Section 34.1-9-518 – Claim Concerning Inaccurate or Wrongfully Filed Record.
34.1-9-518. Claim concerning inaccurate or wrongfully filed record. (a) A person may file in the filing office an information statement with respect to a record indexed there under the person’s name if the person believes that the record is inaccurate or was wrongfully filed. (b) An information statement under subsection (a) of this section must: […]
Section 34.1-9-514 – Assignment of Powers of Secured Party of Record.
34.1-9-514. Assignment of powers of secured party of record. (a) Except as otherwise provided in subsection (c), an initial financing statement may reflect an assignment of all of the secured party’s power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address […]