(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" § 8.9A-102. "Controllable electronic record" § 8.12-102. "Controllable payment intangible" § 8.9A-102. "Electronic money" § 8.9A-102. "Financing statement" § 8.9A-102. (c) Title 8.1A definitions and principles. Title 8.1A contains general definitions and principles of construction and interpretation applicable throughout this article. 2024, c. 652.
‹ Prev All Virginia sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.