Virginia § 8.13-302 - Security interest perfected before effective date
Full text of Virginia Code of Virginia § 8.13-302 — Security interest perfected before effective date, with citation guidance and answers to common questions.
§ 8.13-302. Security interest perfected before effective date
(a) Continuing perfection: perfection requirements satisfied. A security interest that is enforceable and perfected immediately before the effective date of this act is a perfected security interest under this act if, on the effective date of this act, the requirements for enforceability and perfection under this act are satisfied without further action.
(b) Continuing perfection: enforceability or perfection requirements not satisfied. If a security interest is enforceable and perfected immediately before the effective date of this act, but the requirements for enforceability or perfection under this act are not satisfied on the effective date of this act, the security interest:
(1) is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before the effective date of this act or the adjustment date;
(2) remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under § 8.9A-203, as amended by this act, before the adjustment date; and
(3) remains perfected thereafter only if the requirements for perfection under this act are satisfied before the time specified in paragraph (1).
2024, c. 652.
Frequently Asked Questions About Virginia § 8.13-302
What does Code of Virginia § 8.13-302 cover?
Section 8.13-302 ("Security interest perfected before effective date") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 8.13-302?
A common citation format is "Code of Virginia § 8.13-302" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 8.13-302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.