Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible

Va. Code Ann. § 8.9A-326.1
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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. 2024, c. 652 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/8.9A-326.1/Fetched: 10/17/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements