{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1190.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1190.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1190.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1190.html"}],"law_id":373716,"edition_id":2,"section_id":373716,"structure_id":53173,"section_number":"6.2-1190","catch_line":"Perfection of certain security interests","history":"1983, c. 446, \u00a7 6.1-195.22:3; 1985, c. 425, \u00a7 6.1-194.72; 1986, c. 509; 2010, c. 794.","full_text":"When securities are sold by a savings institution subject to an obligation of repurchase, any security interest or interest of ownership therein may be perfected (i) as specified by Title 8.8 or Title 8.9A; (ii) by designation to the person holding physical custody thereof, which shall include a person keeping the master records, in case of securities identified by book entry only, that certain securities identified by serial number or dollar amount are held for the benefit of third parties other than the savings institution, who may, but need not be, identified by name; or (iii) by physical separation on the premises of the savings institution in a separate drawer, compartment, or other facility. The savings institution may, from time to time, instruct any third party holding such securities that the previously identified securities or an amount of such securities previously identified as pledged or belonging to third parties, have been released from such pledge by payment of all or part of the amount due, or have been repurchased. There shall be an identification on the records of the savings institution of the persons who are pledgees or owners of such securities.\n\n","order_by":null,"text":{"0":{"id":1394765,"text":"When securities are sold by a savings institution subject to an obligation of repurchase, any security interest or interest of ownership therein may be perfected (i) as specified by Title 8.8 or Title 8.9A; (ii) by designation to the person holding physical custody thereof, which shall include a person keeping the master records, in case of securities identified by book entry only, that certain securities identified by serial number or dollar amount are held for the benefit of third parties other than the savings institution, who may, but need not be, identified by name; or (iii) by physical separation on the premises of the savings institution in a separate drawer, compartment, or other facility. The savings institution may, from time to time, instruct any third party holding such securities that the previously identified securities or an amount of such securities previously identified as pledged or belonging to third parties, have been released from such pledge by payment of all or part of the amount due, or have been repurchased. There shall be an identification on the records of the savings institution of the persons who are pledgees or owners of such securities.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53173,"edition_id":2,"name":"Other Loans and Investments","identifier":"8","label":"article","depth":4,"order_by":8,"parent_id":53165,"metadata":{"child_laws":5,"child_structures":0},"date_created":"2026-08-02 03:12:06","date_modified":"2026-08-02 12:28:04","permalink":{"id":1491463,"object_type":"structure","relational_id":53173,"identifier":"8","token":"6.2\/II\/11\/8","url":"\/6.2\/II\/11\/8\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53165,"edition_id":2,"name":"Savings Institutions","identifier":"11","label":"chapter","depth":3,"order_by":5,"parent_id":53156,"metadata":{"child_laws":106,"child_structures":9},"date_created":"2026-08-02 03:11:54","date_modified":"2026-08-02 12:28:02","permalink":{"id":1491103,"object_type":"structure","relational_id":53165,"identifier":"11","token":"6.2\/II\/11","url":"\/6.2\/II\/11\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53156,"edition_id":2,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":53152,"metadata":{"child_laws":483,"child_structures":51},"date_created":"2026-08-02 03:11:42","date_modified":"2026-08-02 12:27:56","permalink":{"id":1490687,"object_type":"structure","relational_id":53156,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":373712,"structure_id":53173,"section_number":"6.2-1186","catch_line":"General investment authority of state savings institutions","url":"\/6.2-1186\/","token":"6.2\/II\/11\/8\/6.2-1186","metadata":false},{"id":373713,"structure_id":53173,"section_number":"6.2-1187","catch_line":"Investment authority of state savings banks","url":"\/6.2-1187\/","token":"6.2\/II\/11\/8\/6.2-1187","metadata":false},{"id":373714,"structure_id":53173,"section_number":"6.2-1188","catch_line":"Effect of repeal or amendment of statute or regulation on existing loan or investment","url":"\/6.2-1188\/","token":"6.2\/II\/11\/8\/6.2-1188","metadata":false},{"id":373715,"structure_id":53173,"section_number":"6.2-1189","catch_line":"Limitation on liability of savings institutions making loans for certain purposes","url":"\/6.2-1189\/","token":"6.2\/II\/11\/8\/6.2-1189","metadata":false},{"id":373716,"structure_id":53173,"section_number":"6.2-1190","catch_line":"Perfection of certain security interests","url":"\/6.2-1190\/","token":"6.2\/II\/11\/8\/6.2-1190","metadata":false}],"previous_section":{"id":373715,"structure_id":53173,"section_number":"6.2-1189","catch_line":"Limitation on liability of savings institutions making loans for certain purposes","url":"\/6.2-1189\/","token":"6.2\/II\/11\/8\/6.2-1189","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1190\/","history_text":"

This law was first created in 1983. The record of its establishment is cataloged in chapter 446 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1983 \u201cActs\u201d aren\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1985, chapter 425; in 1986, chapter 509; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1491481,"object_type":"law","relational_id":373716,"identifier":"6.2-1190","token":"6.2\/II\/11\/8\/6.2-1190","url":"\/6.2-1190\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1190\/","token":"6.2\/II\/11\/8\/6.2-1190","dublin_core":{"Title":"Perfection of certain security interests","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1190","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

When securities are sold by a savings institution<\/span> subject to an obligation of repurchase, any security interest or interest of ownership therein may be perfected (i) as specified by Title 8.8 or Title 8.9A; (ii) by designation to the person<\/span> holding physical custody<\/span> thereof, which shall include a person<\/span> keeping the master records, in case of securities identified by book entry only, that certain securities identified by serial number or dollar amount are held for the benefit of third parties other than the savings institution<\/span>, who may, but need not be, identified by name; or (iii) by physical separation on the premises of the savings institution<\/span> in a separate drawer, compartment, or other facility. The savings institution<\/span> may, from time to time, instruct any third party<\/span> holding such securities that the previously identified securities or an amount of such securities previously identified as pledged or belonging to third parties, have been released from such pledge by payment of all or part of the amount due, or have been repurchased. There shall be an identification on the records of the savings institution<\/span> of the persons<\/span> who are pledgees or owners of such securities.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPERFECTION OF CERTAIN SECURITY INTERESTS (\u00a7 6.2-1190)\n\nWhen securities are sold by a savings institution subject to an obligation of\nrepurchase, any security interest or interest of ownership therein may be\nperfected (i) as specified by Title 8.8 or Title 8.9A; (ii) by designation to\nthe person holding physical custody thereof, which shall include a person\nkeeping the master records, in case of securities identified by book entry only,\nthat certain securities identified by serial number or dollar amount are held\nfor the benefit of third parties other than the savings institution, who may,\nbut need not be, identified by name; or (iii) by physical separation on the\npremises of the savings institution in a separate drawer, compartment, or other\nfacility. The savings institution may, from time to time, instruct any third\nparty holding such securities that the previously identified securities or an\namount of such securities previously identified as pledged or belonging to third\nparties, have been released from such pledge by payment of all or part of the\namount due, or have been repurchased. There shall be an identification on the\nrecords of the savings institution of the persons who are pledgees or owners of\nsuch securities.\n\nHISTORY: 1983, c. 446, \u00a7 6.1-195.22:3; 1985, c. 425, \u00a7 6.1-194.72; 1986, c.\n509; 2010, c. 794.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}