Va. Code § 8.13-102

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

Section 8.13-102 - [Effective 7/1/2025] Definitions

(a) Article A Definitions. In this article:

(1) "Act" means the Uniform Commercial Code Amendments (2022).

(2) "Adjustment date" means the date that is one year after the effective date of this act.

(3) "Title 8.12" means Title 8.12 of the Uniform Commercial Code (§§ 8.12-101 et seq.).

(4) "Title 8.12 property" means a controllable account, controllable electronic record, or controllable payment intangible.

(5) "Effective date of this act" means July 1, 2025.

(b) Definitions in other articles. The following definitions in other articles of the Uniform Commercial Code apply to this article.

"Controllable account". Section 8.9-102A.

"Controllable electronic record". Section 8.12-102.

"Controllable payment intangible". Section 8.9-102A.

"Electronic money". Section 8.9-102A.

"Financing statement". Section 8.9-102A.

(c) Title 8.1A definitions and principles. Title 8.1A contains general definitions and principles of construction and interpretation applicable throughout this article.

Va. Code § 8.13-102

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