yourstate.us
Va. Code § 8.9A-326

Priority of security interests created by new debtor

Virginia · Code of Virginia Title 8.9A — Commercial Code — Secured Transactions · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Va. Code § 8.9A-326, Priority of security interests created by new debtor, Virginia, version 1 as recorded 2026-09-27, yourstate.us, https://yourstate.us/provision/1399488
Permanent ID
ys:prov:1399488@1
SHA-256
5bb614aca4e4bc2cf0d09d5f8870fd482f442e018ab631513119ce33bf19dc66

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) Subordination of security interest created by new debtor. Subject to subsection (b), a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and is perfected by a filed financing statement that would be ineffective to perfect the security interest but for the application of § 8.9A-316 (i)(1) or 8.9A-508 is subordinate to a security interest in the same collateral which is perfected other than by such a filed financing statement. (b) Priority under other provisions; multiple original debtors. The other provisions of this part determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in subsection (a). However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound.