Va. Code Ann. § 8.13-303

Security interest unperfected before effective date

Effective Jul 1, 20242024, c. 652.

A security interest that is enforceable immediately before the effective date of this act but is unperfected at that time:

  1. (1) remains an enforceable security interest until the adjustment date;
  2. (2) remains enforceable thereafter if the security interest becomes enforceable under § 8.9A-203, as amended by this act, on the effective date of this act or before the adjustment date; and
  3. (3) becomes perfected:

    1. (A) without further action, on the effective date of this act if the requirements for perfection under this act are satisfied before or at that time; or
    2. (B) when the requirements for perfection are satisfied if the requirements are satisfied after that time.

2024, c. 652.

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