Va. Code § 8.9A-326.1

Current with changes from the 2024 legislative session through ch. 845

Section 8.9A-326.1 - [Effective 7/1/2025] Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible

A security interest in a controllable account, controllable electronic record, or controllable payment intangible held by a secured party having control of the account, electronic record, or payment intangible has priority over a conflicting security interest held by a secured party that does not have control.

Va. Code § 8.9A-326.1

Added by Acts 2024 c. 652,§ 1, eff. 7/1/2025.