Virginia § 8.9A-314.1 - Perfection by possession and control of chattel paper
Full text of Virginia Code of Virginia § 8.9A-314.1 — Perfection by possession and control of chattel paper, with citation guidance and answers to common questions.
§ 8.9A-314.1. Perfection by possession and control of chattel paper
(a) Perfection by possession and control. A secured party may perfect a security interest in chattel paper by taking possession of each authoritative tangible copy of the record evidencing the chattel paper and obtaining control of each authoritative electronic copy of the electronic record evidencing the chattel paper.
(b) Time of perfection; continuation of perfection. A security interest is perfected under subsection (a) not earlier than the time the secured party takes possession and obtains control and remains perfected under subsection (a) only while the secured party retains possession and control.
(c) Application of § 8.9A-313 to perfection by possession of chattel paper. § 8.9A-313(c) and (f) through (i) applies to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.
2024, c. 652.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 8.9A-314.1
What does Code of Virginia § 8.9A-314.1 cover?
Section 8.9A-314.1 ("Perfection by possession and control of chattel paper") 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-314.1?
A common citation format is "Code of Virginia § 8.9A-314.1" (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-314.1 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.