Security interest unperfected before effective date
Va. Code Ann. § 8.9A-704
in effectA security interest that is enforceable immediately before this title takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
(1) remains an enforceable security interest for one year after this takes effect;
(2) remains enforceable thereafter if the security interest becomes enforceable under § 8.9A-203 when this title takes effect or within one year thereafter; and
(3) becomes perfected:
(A) without further action, when this title takes effect if the applicable requirements for perfection under this title are satisfied before or at that time; or
(B) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
2000, c. 1007 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/8.9A-704/Fetched: 10/17/2026