8.9A-110 - A-110. Security interests arising under Title 8.2 or Title 8.2A. - Virginia Statutes

§ 8.9A-110. Security interests arising under Title 8.2 or Title 8.2A.

A security interest arising under §§ 8.2-401, 8.2-505, 8.2-711 (3), or §8.2A-508 (5) is subject to this title. However, until the debtor obtainspossession of the goods:

(1) the security interest is enforceable, even if subdivision (b) (3) of §8.9A-203 has not been satisfied;

(2) filing is not required to perfect the security interest;

(3) the rights of the secured party after default by the debtor are governedby Title 8.2 or Title 8.2A; and

(4) the security interest has priority over a conflicting security interestcreated by the debtor.

(1964, c. 219, § 8.9-113; 1991, c. 536; 2000, c. 1007.)