Code of Virginia (Last Updated:July 28, 2020) |
TITLE 8.9A. Commercial Code - Secured Transactions |
PART 3. Perfection and Priority |
SECTION 8.9A-309. Security interest perfected upon attachment |
The following security interests are perfected when they attach: (1) a purchase-money security interest in consumer goods, except as otherwise provided in § 8.9A-311 (b) with respect to consumer goods that are subject to a statute or treaty described in § 8.9A-311 (a); (2) an assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles; (3) a sale of a payment intangible; (4) a sale of a promissory note; (5) a security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services; (6) a security interest arising under §§ 8.9A-311 , 8.9A-311 , 8.9A-311 (3), or § 8.9A-311 (5), until the debtor obtains possession of the collateral; (7) a security interest of a collecting bank arising under § 8.9A-311 ; (8) a security interest of an issuer or nominated person arising under § 8.9A-311 ; (9) a security interest arising in the delivery of a financial asset under § 8.9A-311 (c); (10) a security interest in investment property created by a broker or securities intermediary; (11) a security interest in a commodity contract or a commodity account created by a commodity intermediary; (12) an assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and (13) a security interest created by an assignment of a beneficial interest in a decedent's estate. 1964, c. 219, § 8.9-302; 1966, c. 569; 1973, c. 509; 1983, cc. 204, 367; 1984, c. 613; 1996, c. 8.9A-311 , §§ 8.9-115, 8.9-116; 2000, c. 8.9A-311 . |