8.11-103 - Transition to this act; general rule. - Virginia Statutes

§ 8.11-103. Transition to this act; general rule.

Transactions validly entered into on and after January 1, 1966, and beforeJuly 1, 1974, and which were subject to the provisions of Titles 8.1 through8.10 as amended through 1972 and which would be subject to this act asamended if they had been entered into after the effective date of this actand the rights, duties and interests flowing from such transactions remainvalid after the latter date and may be terminated, completed, consummated orenforced as required or permitted by this act of 1973. Security interestsarising out of such transactions which are perfected when this act of 1973becomes effective shall remain perfected until they lapse as provided in thisact of 1973, and may be continued as permitted by this act of 1973, except asstated in § 8.11-105.

(1973, c. 509.)