Code of Virginia (Last Updated:July 28, 2020) |
TITLE 8.9A. Commercial Code - Secured Transactions |
PART 3. Perfection and Priority |
SECTION 8.9A-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply |
SECTION 8.9A-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
(a) General rule; perfection by filing. Except as otherwise provided in subsection (b) and § 8.9A-312 (b), a financing statement must be filed to perfect all security interests and agricultural liens. (b) Exceptions; filing not necessary. The filing of a financing statement is not necessary to perfect a security interest: (1) that is perfected under § 8.9A-312 (d), (e), (f), or (g); (2) that is perfected under § 8.9A-312 when it attaches; (3) in property subject to a statute, regulation, or treaty described in § 8.9A-312 (a); (4) in goods in possession of a bailee that is perfected under § 8.9A-312 (d) (1) or (2); (5) in certificated securities, documents, goods, or instruments that is perfected without filing, control, or possession under § 8.9A-312 (e), (f), or (g); (6) in collateral in the secured party's possession under § 8.9A-312 ; (7) in a certificated security which is perfected by delivery of the security certificate to the secured party under § 8.9A-312 ; (8) in deposit accounts, electronic chattel paper, electronic documents, investment property, or letter-of-credit rights which is perfected by control under § 8.9A-312 ; (9) in proceeds which is perfected under § 8.9A-312 ; or (10) that is perfected under § 8.9A-312 . (c) Assignment of perfected security interest. If a secured party assigns a perfected security interest or agricultural lien, a filing under this title is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor. 1964, c. 219, § 8.9-302; 1966, c. 569; 1973, c. 509; 1983, cc. 204, 367; 1984, c. 613; 1996, c. 8.9A-312 ; 2000, c. 8.9A-312 ; 2004, c. 8.9A-312 . |