Virginia § 8.9A-314 - Perfection by control
Full text of Virginia Code of Virginia § 8.9A-314 — Perfection by control, with citation guidance and answers to common questions.
§ 8.9A-314. Perfection by control
(a) Perfection by control. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, investment property, or letter-of-credit rights may be perfected by control of the collateral under § 8.7-106, 8.9A-104, 8.9A-105.1, 8.9A-106, 8.9A-107, or 8.9A-107.1.
(b) Specified collateral; time of perfection by control; continuation of perfection. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, investment property, or letter-of-credit rights is perfected by control under § 8.7-106, 8.9A-104, 8.9A-105.1, 8.9A-106, 8.9A-107, or 8.9A-107.1 not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control.
(c) Investment property; time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under § 8.9A-106 not earlier than the time the secured party obtains control and remains perfected by control until:
(1) the secured party does not have control; and
(2) one of the following occurs:
(A) if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;
(B) if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or
(C) if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.
1996, c. 216, § 8.9-115; 2000, c. 1007; 2004, c. 200; 2024, c. 652.
Frequently Asked Questions About Virginia § 8.9A-314
What does Code of Virginia § 8.9A-314 cover?
Section 8.9A-314 ("Perfection by control") 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 § 8.9A-314?
A common citation format is "Code of Virginia § 8.9A-314" (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 § 8.9A-314 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.